AUD/USD technical analysis: Aussie hovering near two-day lows ahead of the FOMC Minutes

October 9, 2019 Off By admin-445
  • AUD/USD is trading near two-day lows ahead of the FOMC Minutes. 
  • The level to beat for sellers is the 0.6720 support. 
 

AUD/USD daily chart 

 
The Aussie is trading in a bear trend below its main daily simple moving averages (SMAs) on the daily chart. This Wednesday the FOMC Minutes at 18:00 GMT can lead to some volatility in USD-related currency pairs.
 

AUD/USD 4-hour chart

 
The AUD/USD exchange rate is trading below the main SMAs on the four-hour chart, suggesting bearish momentum in the medium term. A break below the 0.6720 support level can generate a move down to the 0.6700 figure, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

 
AUD/USD is trading below the main SMAs on the 30-minute chart, suggesting bearish momentum in the near term. Immediate resistances are seen at the 0.6751 and 0.6780 price levels. 

Additional key levels

 

Source: www.forexcrunch.com