Aussie bears eyeing the 0.6800 handle
Forex News

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


Source Link