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AUD/USD Price Analysis: Aussie looking for direction near one-decade lows

  • AUD/USD keeps consolidating losses as USD is on the back foot. 
  • AUD/USD is trading sideways near one-decade low. 
 

AUD/USD daily chart

 
The aussie is hovering near one-decade lows while trading well below its main daily simple moving averages (SMAs). The trend is clearly down, however, as USD is losing a correction up cannot be ruled out A break beyond the 0.6630 level could attract buying interest towards the 0.6650 and 0.6778 levels. Support is seen near 0.6596, 0.6569 and 0.6548 levels, according to the Technical Confluences Indicator.
 
 
Resistance: 0.6630, 0.6650, 0.6678
Support: 0.6596, 0.6569, 0.6548
 
 

Additional key levels

 

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