AUD/USD technical analysis: Aussie clings to daily gains near 0.6800 after the London close

October 11, 2019 Off By admin-445
  • The risk-on sentiment boosts AUD/USD to the 0.6800 handle.
  • The level to beat for bulls is the 0.6815 resistance.
 

AUD/USD daily chart 

 
The Aussie is trading in a bear trend below the 100 and 200 simple moving averages (SMAs) on the daily chart. The risk-on mood is boosting the AUD. 
 
 


AUD/USD 4-hour chart

 
The AUD/USD exchange rate is trading above the main SMAs, suggesting a bullish momentum in the medium term. The market is challenging the 0.6815 resistance. A break above the level can see the Aussie going up to the 0.6847 level, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

 
AUD/USD is trading above its main SMAs on the 30-minute chart, suggesting bullish momentum in the near term. Immediate supports are seen at the 0.6790, 0.6776 and 0.6741 price levels. 

Additional key levels

 

Source: www.forexcrunch.com