AUD/USD technical analysis: Bears target 0.6920, 0.6870 on the break of 0.6980
5/6/2019 1:01:03 AM
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The dimmed prospects of the US-China trade deal drags the AUD/USD pair to the intra-day low of 0.6965 during the early Asian session on Monday.

  • A break of 0.6980 triggers fresh selling towards early 2016 levels.
  • The pullback moves might be challenged by immediate trend-line resistance.
  • A break of 0.6980 triggers fresh selling towards early 2016 levels.
  • A break of 0.6980 triggers fresh selling towards early 2016 levels.
  • The pullback moves might be challenged by immediate trend-line resistance.
  • The pullback moves might be challenged by immediate trend-line resistance.

    The dimmed prospects of the US-China trade deal drags the AUD/USD pair to the intra-day low of 0.6965 during the early Asian session on Monday.

    AUD/USD

    The pair trades below 0.6980 confluence comprising 38.2% Fibonacci retracement of December – January plunge and the low of the candle just ahead of the mentioned drop.

    Fibonacci

    With the fundamentals and technicals both supporting the downturn, chances of the quote’s slip to late-January 2016 lows near 0.6970 and 0.6920 can’t be denied.

    However, the year 2016 bottom near 0.6820, followed by the January month’s flash crash low of 0.6730, can appear on the bears’ radar afterward.

    In a case prices take a U-turn, a break of 0.6980 can recall 0.7000 on the chart whereas three-week-old descending trend-line at 0.7030 might question the pullback then after.

    chart

    Should there be additional upside past-0.7030, 0.7055 and April 30 high around 0.7070 might please buyers.

    AUD/USD daily chart

    AUD/USD daily chart

    Trend: Bearish

    Trend:

    Additional important levels

    Overview
    Today last price 0.6966
    Today Daily Change -50 pips
    Today Daily Change % -0.71%
    Today daily open 0.7016
     
    Trends
    Daily SMA20 0.71
    Daily SMA50 0.7096
    Daily SMA100 0.7114
    Daily SMA200 0.717
    Levels
    Previous Daily High 0.7026
    Previous Daily Low 0.6984
    Previous Weekly High 0.707
    Previous Weekly Low 0.6984
    Previous Monthly High 0.7206
    Previous Monthly Low 0.6988
    Daily Fibonacci 38.2% 0.701
    Daily Fibonacci 61.8% 0.7
    Daily Pivot Point S1 0.6992
    Daily Pivot Point S2 0.6967
    Daily Pivot Point S3 0.695
    Daily Pivot Point R1 0.7033
    Daily Pivot Point R2 0.705
    Daily Pivot Point R3 0.7075

     

    Additional important levels

    Overview
    Today last price 0.6966
    Today Daily Change -50 pips
    Today Daily Change % -0.71%
    Today daily open 0.7016
     
    Trends
    Daily SMA20 0.71
    Daily SMA50 0.7096
    Daily SMA100 0.7114
    Daily SMA200 0.717
    Levels
    Previous Daily High 0.7026
    Previous Daily Low 0.6984
    Previous Weekly High 0.707
    Previous Weekly Low 0.6984
    Previous Monthly High 0.7206
    Previous Monthly Low 0.6988
    Daily Fibonacci 38.2% 0.701
    Daily Fibonacci 61.8% 0.7
    Daily Pivot Point S1 0.6992
    Daily Pivot Point S2 0.6967
    Daily Pivot Point S3 0.695
    Daily Pivot Point R1 0.7033
    Daily Pivot Point R2 0.705
    Daily Pivot Point R3 0.7075

    Additional important levels

    Overview
    Today last price 0.6966
    Today Daily Change -50 pips
    Today Daily Change % -0.71%
    Today daily open 0.7016
     
    Trends
    Daily SMA20 0.71
    Daily SMA50 0.7096
    Daily SMA100 0.7114
    Daily SMA200 0.717
    Levels
    Previous Daily High 0.7026
    Previous Daily Low 0.6984
    Previous Weekly High 0.707
    Previous Weekly Low 0.6984
    Previous Monthly High 0.7206
    Previous Monthly Low 0.6988
    Daily Fibonacci 38.2% 0.701
    Daily Fibonacci 61.8% 0.7
    Daily Pivot Point S1 0.6992
    Daily Pivot Point S2 0.6967
    Daily Pivot Point S3 0.695
    Daily Pivot Point R1 0.7033
    Daily Pivot Point R2 0.705
    Daily Pivot Point R3 0.7075

    Additional important levels

    Overview
    Today last price 0.6966
    Today Daily Change -50 pips
    Today Daily Change % -0.71%
    Today daily open 0.7016
     
    Trends
    Daily SMA20 0.71
    Daily SMA50 0.7096
    Daily SMA100 0.7114
    Daily SMA200 0.717
    Overview
    Today last price 0.6966
    Today Daily Change -50 pips
    Today Daily Change % -0.71%
    Today daily open 0.7016
    Overview Overview Overview Today last price 0.6966 Today Daily Change -50 pips Today Daily Change % -0.71% Today daily open 0.7016 Today last price 0.6966 Today last price0.69660.6966 Today Daily Change -50 pips Today Daily Change-50 pips-50 pips Today Daily Change % -0.71% Today Daily Change %-0.71%-0.71% Today daily open 0.7016 Today daily open0.70160.7016
     
    Trends
    Daily SMA20 0.71
    Daily SMA50 0.7096
    Daily SMA100 0.7114
    Daily SMA200 0.717
    Trends Trends Trends Daily SMA20 0.71 Daily SMA50 0.7096 Daily SMA100 0.7114 Daily SMA200 0.717 Daily SMA20 0.71 Daily SMA200.710.71 Daily SMA50 0.7096 Daily SMA500.70960.7096 Daily SMA100 0.7114 Daily SMA1000.71140.7114 Daily SMA200 0.717 Daily SMA2000.7170.717
    Levels
    Previous Daily High 0.7026
    Previous Daily Low 0.6984
    Previous Weekly High 0.707
    Previous Weekly Low 0.6984
    Previous Monthly High 0.7206
    Previous Monthly Low 0.6988
    Daily Fibonacci 38.2% 0.701
    Daily Fibonacci 61.8% 0.7
    Daily Pivot Point S1 0.6992
    Daily Pivot Point S2 0.6967
    Daily Pivot Point S3 0.695
    Daily Pivot Point R1 0.7033
    Daily Pivot Point R2 0.705
    Daily Pivot Point R3 0.7075
    Levels
    Previous Daily High 0.7026
    Previous Daily Low 0.6984
    Previous Weekly High 0.707
    Previous Weekly Low 0.6984
    Previous Monthly High 0.7206
    Previous Monthly Low 0.6988
    Daily Fibonacci 38.2% 0.701
    Daily Fibonacci 61.8% 0.7
    Daily Pivot Point S1 0.6992
    Daily Pivot Point S2 0.6967
    Daily Pivot Point S3 0.695
    Daily Pivot Point R1 0.7033
    Daily Pivot Point R2 0.705
    Daily Pivot Point R3 0.7075
    Levels Levels Levels Previous Daily High 0.7026 Previous Daily Low 0.6984 Previous Weekly High 0.707 Previous Weekly Low 0.6984 Previous Monthly High 0.7206 Previous Monthly Low 0.6988 Daily Fibonacci 38.2% 0.701 Daily Fibonacci 61.8% 0.7 Daily Pivot Point S1 0.6992 Daily Pivot Point S2 0.6967 Daily Pivot Point S3 0.695 Daily Pivot Point R1 0.7033 Daily Pivot Point R2 0.705 Daily Pivot Point R3 0.7075 Previous Daily High 0.7026 Previous Daily High0.70260.7026 Previous Daily Low 0.6984 Previous Daily Low0.69840.6984 Previous Weekly High 0.707 Previous Weekly High0.7070.707 Previous Weekly Low 0.6984 Previous Weekly Low0.69840.6984 Previous Monthly High 0.7206 Previous Monthly High0.72060.7206 Previous Monthly Low 0.6988 Previous Monthly Low0.69880.6988 Daily Fibonacci 38.2% 0.701 Daily Fibonacci 38.2%0.7010.701 Daily Fibonacci 61.8% 0.7 Daily Fibonacci 61.8%0.70.7 Daily Pivot Point S1 0.6992 Daily Pivot Point S10.69920.6992 Daily Pivot Point S2 0.6967 Daily Pivot Point S20.69670.6967 Daily Pivot Point S3 0.695 Daily Pivot Point S30.6950.695 Daily Pivot Point R1 0.7033 Daily Pivot Point R10.70330.7033 Daily Pivot Point R2 0.705 Daily Pivot Point R20.7050.705 Daily Pivot Point R3 0.7075 Daily Pivot Point R30.70750.7075