AUD/USD technical analysis: The Aussie recoups parts of daily losses, trading sub-0.6800 handle

 |  14/10/2019 19:02
The Aussie is starting the week unable to capitalize on last week's gains. 
The level to beat for bulls is the 0.6780 resistance.
 

AUD/USD daily chart 

 
The Aussie is trading in a downtrend below its 100 and 200 simple moving averages (SMAs) on the daily chart. Columbus Day in the United States is keeping volatility limited. 
 
 

AUD/USD 4-hour chart

 
The AUD/USD exchange rate is trading between the 100 and 200 SMAs, suggesting a sideways market in the medium term. The spot is challenging the 0.6780 resistance. A break above the level can see the Aussie moving up the 0.6820 level, according to the Technical Confluences Indicator.

AUD/USD 30-minute chart

 
AUD/USD is trading below the 50 and 100 SMAs on the 30-minute chart, suggesting a consolidation in the near term. Support is seen at the 0.6750 and 0.6720 price level.
 

Additional key levels

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com