AUD/USD technical analysis: Aussie sliding to daily lows near 0.6960

• Earlier in Asia, the Reserve Bank of Australia rate statement provided little movements on the Aussie.
• The US Dollar is regaining some strength sending AUD/USD down.
• Investors will be scrutinizing the next Non-Farm Payrolls report this Friday. 

AUD/USD daily chart

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

AUD/USD 4-hour chart

AUD/USD is retracing below the 0.7000 figure as the market is testing the 200 SMA.

AUD/USD 30-minute chart

AUD/USD is trading at its daily lows below the 50 and 100 SMAs. A daily close below 0.6960 would be seen as bearish and potentially open the doors to 0.6930 and 0.6900 figure. Resistance is at 0.7000 and 0.7050.

Additional key levels