Yesterday the AUD/USD traded lower and closed the day in the red around $0.6925. The it also fell today, dropping to $0.6885. On the hourly chart, AUD/USD is still trading below the moving average MA (200) H1 ($0.6955). The situation is similar on the four-hour chart. Based on the foregoing, it is probably worth sticking to the south direction in trading, and while the AUD/USD remains below MA 200 H1, it may be necessary to look for entry points to sell for the formation of a correction.
Resistances levels are at: $0.6990-00, $0.7070, $0.7135
Support levels are at: $0.6880, $0.6850, $0.6830
Probably, the main scenario is a possible continuation of the decline towards $0.6880 (Jun 22 low).
An alternative scenario is a consolidation above the MA 200 H1 followed by a rise to $0.7140 (Jun 10 high).
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