18 Nov 2019
AUD/USD Technical Analysis: Aussie holds above the 0.6800 handle
- The Aussie is trading quietly just above the 0.6800 handle as the London session comes to an end.
- The level to beat for bears is the 0.6794 support level.
AUD/USD daily chart
AUD/USD is trading in a downtrend below the 50, 100 and 200-day simple moving averages (DMAs) on the daily chart. This Monday the Aussie is trapped in a tight range above the 0.6800 handle.
AUD/USD 4-hour chart
The market is trading off the November low just above the 0.6800 handle and below its main SMAs. To resume the bear trend, bears need to overcome the 0.6809 and 0.6794 support levels. Further down, support is seen at the 0.6773 and 0.6738 levels, according to the Technical Confluences Indicator.
AUD/USD 30-minute chart
AUD/USD is trading above its main SMAs, suggesting a bullish momentum in the near term. Resistances are seen at the 0.6834 and 0.6868 price levels, according to the Technical Confluences Indicator.
Additional key levels