- The aussie is off daily lows after being under relative bearish pressure earlier in the session.
- The level to beat for sellers is the 0.6821/14 support zone.
AUD/USD daily chart
AUD/USD is trading in a downtrend below its 200-day simple moving average (DMA). However, the spot had a bounce near the 0.6850 level above the 50 and 100 DMAs.
AUD/USD four-hour chart
AUD/USD 30-minute chart
AUD/USD is off the daily lows while trading above the 200 SMA but below the 50/100 SMAs, suggesting a consolidation in the near. As the underlying trend remains bearish, the sellers could try to break the 0.6821/14 support zone. Further down lie the 0.6800, 0.6779 and 0.6775 level.
Additional key levels