AUD/USD technical analysis: Aussie dwindling to daily lows below the 0.7000 figure

• AUD/USD stumble below the 0.7000 figure this Wednesday.
• The next relevant support to the downside is seen at 0.6990 level.

AUD/USD daily chart

AUD/USD is trading in a bear trend below its main simple moving averages (SMAs). 

AUD/USD 4-hour chart

AUD/USD is continuing to trade south below its main SMAs suggesting bearish momentum in the medium term.

AUD/USD 30-minute chart

Bears have taken control on Tuesday and Wednesday. A break below 0.6990 support would open the gates to more losses towards 0.6960 level.
Resistance is at 0.7010 and 0.7030 level.

Additional key levels