OctaFX | OctaFX Forex Broker
Open trading account
Back

AUD/USD Price Analysis: Aussie sliding down below the 0.6900 figure

  • AUD/USD is under selling pressure in the New York session. 
  • The level to beat for bears is the 0.6854/35 support zone. 
 
 

USD/CAD daily chart

 
AUD/USD is nearing the monthly lows while trading below the 50/200-day simple moving averages (SMAs), suggesting an overall bearish momentum.
 

USD/CAD four-hour chart

 
AUD/USD is under bearish pressure below the main SMAs and the 0.6900 figure. Bears are trying to drag the market below the 0.6854/35 support zone. A daily close below this level can lead to further weakness towards the 0.6792 level, according to the Technical Confluences Indicator. Resistance is seen at the 0.6892, 0.6920 and 0.6937 level. 
 

Additional key levels 

 

USD/CAD Price Analysis: Greenback grinding up against Canadian dollar, eyeing 1.3092 resistance

USD/CAD is regaining some strength after hitting the 1.2900 figure at the start of the month. However, the currency pair is still trading below the main daily
Read more Previous

GBP/USD sits near daily tops, struggling to extend momentum beyond 1.30 handle

The GBP/USD pair is currently placed near the top end of its daily trading range, with bulls now looking to build on the momentum further beyond the k
Read more Next
Start livechat