AUDUSD TECHNICAL ANALYSIS ON DAILY TIMEFRAME
AUD/USD has been in a downtrend since the beginning of 2018, and for one year, has been confined to a downward sloping channel.
On a 240-minute chart, we can see that price traded right to the 61.8% Fibonacci retracement level.
There is immediate resistance above at the recent high and 61.8% retracement level at .6810.
Above that resistance comes near the previous highs and psychological resistance near .6900.
AUD/USD bears will be looking to sell near these levels and look to take out the October 1st and 2nd lows.