19 Aug 2019
AUD/USD technical analysis: Aussie trading at daily lows ahead of RBA Minutes
- The Aussie is losing ground ahead of the release of the Reserve Bank of Australia (RBA) Meeting Minutes.
- The level to beat for bears is the 0.6760 level.
AUD/USD daily chart
The Aussie is trading at daily lows ahead of the release of the Reserve Bank of Australia Meeting Minutes at 1:30 GMT. The news can spark high volatility in AUD-related currency pairs.
AUD/USD 4-hour chart
The Aussie is trading in a bear trend below its main simple moving averages (SMAs). The market is challenging the 0.6760 support. A break below this level could see the market decline towards 0.6740, 0.6715 and 0.6675 in the medium term, according to the Technical Confluences Indicator.
AUD/USD 30-minute chart
The market is under pressure near its daily low. Immediate resistance can be seen at the 0.6785 level, according to the Technical Confluences Indicator.
Additional key levels