A test of the 0.6860 support level occurred as the AUD/USD fell rapidly.
The Australian Dollar’s significant drop against the US Dollar began well above 0.7100. The AUD/USD dropped below the 0.7000 level of support to enter a bearish zone.
On the 4-hours chart, the pair has consolidated under the crucial 0.7000 support as well as the 100 and 200 simple moving averages. Below the 0.6920 support region, the drop accelerated.
The RSI indicator H4 is moving along the 50 middle line which means a sale signal.
The price is below the MACD indicator which is a signal for a short position.

• There is resistance 0.69156 followed by resistance at 0.69318 and 0.69665.
• There is support at 0.6985, Below, there is 0.68884 and 1.68652.

Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.