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AUD/USD pressing on to the downside testing support 0.8680

FXStreet (Barcelona) - AUD/USD is trading at 0.8686, down -1.28% on the day, having posted a daily high at 0.8763 and low at 0.8678.

AUD/USD is rock bottom and signals continue to weigh to the downside further. The pair today has remained with the focus of the hawkish Fed and pro US dollar camp, taking out the 0.87 handle with spectacular conviction. We are in weekly new lows dating as far back 2010 and competing with it’s uptrend guarding the base of the 3 year channel at 0.8438/0.8391.

AUD/USD noteworthy levels

With spot trading at 0.8687, we can see next resistance ahead at 0.8716 (Daily Classic S2), 0.8722 (Hourly 20 EMA), 0.8732 (Weekly Classic S1), 0.8736 (Daily Open) and 0.8758 (Daily Classic S1). Support below can be found at 0.8678 (Daily Low), 0.8673 (YTD Low), 0.8673 (Monthly Low), 0.8673 (Annual Low) and 0.8673 (3 Year Low).

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