AUD/USD Technical Analysis: Sluggish below 0.7075 resistance

AUD/USD daily chart

• AUD/USD is trading in a bear trend below its mains simple moving averages (SMA). 
• AUD/USD outlook is bearish below 0.7075 resistance.

AUD/USD 4-hour chart

• AUD/USD is under pressure below its main SMAs.

AUD/USD 30-minute chart

• AUD/USD is consolidating Friday’s gains above its main SMAs suggesting bullish momentum in the short-term.
• A break of 0.7075 resistance can lead to 0.7100 to the upside.
• However, if 0.7075 caps prices, it can lead to a decline to 0.7025 immediate support followed by 0.6990 level.

Additional key levels