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