AUD/USD declines back below 0.6700

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


Despite piercing the 0.6723/0.6733 zone, the AUD/USD rate has bounced off 0.6750 and declined. By the middle of Tuesday's trading, the pair was back below 0.6700. In general, the situation was observed to be unchanged. The AUD/USD currency pair was still finding support in the 0.6670 level and resistance was provided by the 0.6723/0.6733 zone.

A surge above the resistance zone might find resistance in the combination of the 200-hour simple moving average and the weekly simple pivot point at 0.6768. Higher above, note that the 0.6800 and 0.6850 levels could act as resistance.

However, a decline below 0.6670 could result in the rate looking for support in the weekly S1 simple pivot point at 0.6621 and the 0.6600 mark.

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