20 Nov 2019
AUD/USD Technical Analysis: Aussie sidelined near 0.6810 ahead of FOMC minutes
- The Aussie is trading sideways in the New York session ahead of the FOMC minutes.
- The level to beat for bears is the 0.6809 support level.
AUD/USD daily chart
AUD/USD is trading in a bear trend below the 100 and 200-day simple moving averages (DMAs) on the daily chart. This Wednesday, the Aussie is trapped in a tight range ahead of the FOMC minutes at 19:00 GMT.
AUD/USD 4-hour chart
The market is trading below 0.6835 resistance and the main SMAs, suggesting a bearish bias in the medium term. A break below the 0.6809 support can lead to the 0.6795 and 0.6773 price levels, according to the Technical Confluences Indicator.
AUD/USD 30-minute chart
AUD/USD is trading below the 50 SMA, while in the middle of its weekly range. Resistances are seen at the 0.6834 and 0.6868 price levels, according to the Technical Confluences Indicator.
Additional key levels