AUD/USD bounced from daily lows and managed to trim intraday losses during the European session despite the continued selloff in global equities. AUD/USD fell more than 150 pips from Asian session peak to a low of 0.6983 before finding support and staging a mild comeback. At time of writing, the pair is trading at 0.7080, 0.18% below its opening price. AUD/USD levels to watch As for technical levels, the pair could find immediate resistances at 0.7140 (100-day SMA), 0.7152 (Feb 11 high), 0.7217 (Feb 5 high) and 0.7242 (Feb 4 high). On the flip side, supports are seen at the 0.6983/73 zone (Feb 11 & 9 lows) and 0.6918 (Jan 26 low). For more information, read our latest forex news.