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24 Sep 2019
AUD/USD technical analysis: Aussie challenging the 0.6800 handle
- AUD/USD is trading up this Tuesday as the Greenback is down across the board.
- The market is challenging an important resistance at the 0.6800 figure.
AUD/USD daily chart
AUD/USD is in a downtrend below the main daily simple moving averages (SMAs). The Aussie gained some strength on the back of USD weakness.
AUD/USD 4-hour chart
The Aussie is challenging the 0.6800 handle and the 200 SMA. A break above the resistance can lead to a run to 0.6830 resistance, according to the Technical Confluences Indicator.
AUD/USD 30-minute chart
AUD/USD is trading above the main SMAs, suggesting bullish momentum in the near term. Support is seen at the 0.6782 and 0.6760 price levels.
Additional key levels