The currency pair is facing AUD/USD AUD/USD Modest rally after bears attempt to bottom in 2020.
The currency pair Australian dollar / US dollar AUD/USD Combine losses near 0.6700.
AUD / USD daily chart
The Australian Dollar is bouncing off its lowest in a decade while trading well below its daily simple moving averages (SMAs). Try the Australian dollar against the US dollar (AUD / USD) Reaching its lows in 2020 but finding some support because the market is still in a range close to its lows in 2020. Bears want to resume the downtrend by breaking the 0.6668 support and targeting the 0.6640 and 0.6626 levels. On the flip side, the bulls want a reversal and overcome several layers of resistance to reach the 0.6753 level, according to the Technical Confluences Indicator..