AUD/USD Technical Analysis: Aussie finally break below 0.7025 on Fed’s Powell speech

AUD/USD daily chart

• AUD/USD is trading in a bear trend below its mains simple moving averages (SMAs). 
• Fed’s Powell speech sent the USD up across the board.

AUD/USD 4-hour chart

• AUD/USD is trading below its main SMAs suggesting a bearish bias in the medium-term.

AUD/USD 30-minute chart

• The Aussie is finally breaking below 0.7025 support. Bears will likely try to drive the market towards 0.6990 level.
• Resistance is seen at 0.7025 and 0.7050 level.

Additional key levels