AUD/USD decline aims at 0.6900

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The decline of the AUD/USD has passed below the low level zone at 0.7030 and the 0.7000 mark. At midnight to Tuesday, the pair touched the 0.6915 level, which acted as support and caused a recovery. However, by the middle of the day's trading, the surge was stopped by the weekly S1 simple pivot point at 0.6978 and the 0.6980 level.

If the currency pair reaches above the weekly S1 simple pivot point, resistance might be found in the combination of the 0.7000 mark, the 50-hour simple moving averages and the zone at 0.7030.

However, a resumption of the decline of the Australian Dollar against the US Dollar, could look for support in the mentioned 0.6915 level, the 0.6900 mark and the weekly S2 simple pivot point at 0.6886.
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