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AUD/USD Price Analysis: Aussie vulnerable near two-month lows, trades sub-0.6800 figure

  • The AUD/USD currency pair remains under selling pressure near two-month lows. 
  • Bear targets can be located near 0.6725 and 0.6676 levels. 
 
 

AUD/USD daily chart

 
Since the start of January, the market has been dropping sharply. The bias remains in favor of bears and a conclusive break below the 0.6753 support could yield further weakness towards the 0.6725 and 0.6676 levels, according to the Technical Confluences Indicator. Resistances are seen near the 0.6775, 0.6796 and 0.6834 levels.
 

Additional key levels 

 

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