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22 Nov 2019
AUD/USD Technical Analysis: Aussie trading at weekly lows below the 0.6800 handle
- The Aussie is ending the week near the weekly lows.
- The level to beat for sellers is the 0.6773 support.
AUD/USD daily chart
The aussie is trading in a downtrend below its main daily simple moving averages (DMAs) on the daily chart. The market is about to end the week below the 0.6800 handle.
AUD/USD 4-hour chart
The spot remains under pressure below its main SMAs close to the November lows. The market is nearing the 0.6773 (swing low). A break below it can lead to the 0.6740 level, according to the Technical Confluences Indicator.
AUD/USD 30-minute chart
AUD/USD is trading at weekly lows below the main SMAs, suggesting a bearish bias. Resistances are seen at the 0.6795 and 0.6810 price levels, according to the Technical Confluences Indicator.
Additional key levels