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29 Nov 2019
AUD/USD Technical Analysis: Aussie on track to end Friday near weekly lows, sub-0.6800 handle
- The aussie remains under bearish pressure despite USD weakness.
- The level to beat for sellers is the 0.6760 support.
AUD/USD daily chart
AUD/USD is trading in a bear trend below its main daily simple moving averages (DMAs). The spot remains under pressure despite the USD weakness this Friday.
AUD/USD four-hour chart
The aussie is trending down below the main SMAs on the four-hour chart. The level to beat for sellers is the 0.6760 level. If broken on a daily closing basis, AUD/USD could extend the move down towards the 0.6740 and 0.6714 levels, according to the Technical Confluences Indicator.
AUD/USD 30-minute chart
AUD/USD remains under pressure below the 0.6773 resistance and its main SMAs on the 30-minute chart, suggesting a bearish bias in the short term. Resistance is expected at 0.6773 and 0.6795 price levels, according to the Technical Confluences Indicator.
Additional key levels