Home AUD/USD Price Analysis: Aussie eases from 2.5-month highs, trades below 0.6900 handle
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AUD/USD Price Analysis: Aussie eases from 2.5-month highs, trades below 0.6900 handle

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  • AUD/USD is trading at session’s lows as bulls have stepped out on Friday.
  • The market is challenging the 0.6838/0.6824 price zone.  
 

AUD/USD daily chart  

 
AUD/USD is currently rejecting the 0.6900 handle and the 200-day simple moving average (DMA) as the market challenged the October/November highs.
 

AUD/USD four-hour chart

 
AUD/USD is retracing down sharply, testing the 0.6880/0.6867 price zone. Bulls seem to have stepped out for the time being. A break below the current support could lead to a deeper pullback towards the 0.6838/0.6824 price zone, according to the Technical Confluences Indicator.  Resistance is expected at the 0.6912 and 0.6931 price levels.
   
 
 

Additional key levels

 

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