11 Dec 2019
AUD/USD Price Analysis: Aussie soars to one-month high on dovish Fed’s Powell
- AUD/USD is having a sharp acceleration to the upside as USD is selling off across the board.
- Resistances to the upside can be located near 0.6912 and 0.6931 levels.
AUD/USD daily chart
AUD/USD is nearing the 0.6900 handle and the 200-day simple moving average (DMA) on dovish comment from Fed’s Powell.
AUD/USD four-hour chart
AUD/USD is having a strong boost to the upside as the USD dollar is down across the board. As the bulls have taken control, the spot is likely to keep advancing towards the 0.6912 and 0.6931 resistance levels, according to the Technical Confluences Indicator.
AUD/USD 30-minute chart
Bulls are pressing their bets while above the main SMAs. Support is seen at the 0.6880/0.6867 price zone and further down lie 0.6838/0.6824, according to the Technical Confluences Indicator.
Additional key levels