AUD/USD Technical Analysis: Aussie falls to the 0.7100 figure

AUD/USD daily chart

• AUD/USD is trading in a bear trend below its main simple moving averages (SMAs). 

AUD/USD 4-hour chart

• AUD/USD is trading between the 50 and 200 SMAs suggesting a consolidation phase in the medium-term.

AUD/USD 30-minute chart

• AUD/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
• A bear break below 0.7090 can lead to 0.7070 and 0.7050 level. 
• Resistances are at 0.7100 figure and 0.7115 level.

Additional key levels