AUD/USD Technical Analysis: Aussie bears need a break below 0.7070 key support

AUD/USD daily chart

• AUD/USD is trading in a bear trend below its main simple moving averages (SMAs). 

AUD/USD 4-hour chart

• AUD/USD is trading below its 200 SMA suggesting a bearish bias in the medium-term.

AUD/USD 30-minute chart

• AUD/USD is trading below its main SMAs suggesting a bearish bias in the short-term.
• 0.7070 is the key support to break for bears. A break below it can lead to 0.7055 and 0.7040 level.
• Resistances are seen at 0.7090 and 0.7105 levels.

Additional key levels