AUD/USD Price Analysis: Aussie under selling pressure near 2020 lows

 

 

 

AUD/USD is under pressure near January lows while trading below the main daily simple moving averages (SMAs) suggesting an overall bearish momentum. The spot is also challenging an ascending trendline. Sellers are attempting to push the market below the 0.6835 support. A daily close below this level can see further depreciation towards the 0.6792 level, according to the Technical Confluences Indicator. Resistance is seen at the 0.6892, 0.6920 and 0.6937 level.