AUDUSD Analysis – Bullish Structure Still IntactAUDUSD is trading within a clear ascending channel on the H4 chart. After dropping from the FVG zone around 0.65800, price has reacted well to the lower boundary support near 0.64650.
Currently, price action suggests the potential formation of a short-term bottom. If this level holds and the pair rebounds, the next target could be the red FVG zone near 0.65400.
Recent Supporting News:
U.S. consumer confidence slightly weakened, causing the dollar to cool off — offering technical rebound support for AUD.
Trading Strategy:
Prefer short-term Buys near 0.64650 if a confirmed bounce appears, with target around 0.65400. Be cautious if price breaks below the ascending channel.
Do you think AUD will continue to rise within this bullish channel?
AUDUSD trade ideas
Surely the RBA Must Cut Rates Now?The RBA defied expectations of a cut in July, despite soft trimmed mean inflation figures in the monthly CPI report. The quarterly figures have now dropped, which I suspect leaves little wriggle room to hold at 2.85% in August. I 6ake a look at the quarterly and monthly inflation prints that matter, then wrap up on AUD/USD.
Matt Simpson, Market Analyst at City Index and Forex.com
Potential bullish reversal?The Aussie (AUD/USD) has bounced off the pivot, which is a swing low support, and could rise to the 1st resistance, which acts as a pullback resistance.
Pivot: 0.6502
1st Support: 0.6468
1st Resistance: 0.6558
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AUDUSD Still early days
20% in me:
Unless strong bullish fundamentals present themselves or the big boys with the big bucks drive a bullish push anywhere from 0.65784 or resistance, I would be looking to sell.
Buy outside the resistance box
TP:0.66600 new immediate high?
Please also consider price action as there are 2 previous rejections in the 0.65784 price area.
80% in me:
-Australia is heavily tied to China via exports
RBA rate cuts?
Falling iron ore prices...
-Perfect price action channel trade. SELL at resistance BUY at support. Bullish long term, bearish short term.
-fib 0.382 downward continuation and close below 0.65784
-Looking for a break below the upward sloping trendline HARD sell
-safer option: wait for a 0.65780 retest, below the upward sloping trendline sells and make bank.
TP: 0.6500
THOUGHTS?
Potential bearish drop?The Aussie (AUD/USD) is rising toward the resistance level, which is a pullback resistance that is slightly above the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.6532
Why we like it:
There is a pullback resistance that is slightly above the 23.6% Fibonacci retracement.
Stop loss: 0.6580
Why we like it:
There is a pullback resistance that is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.6467
Why we like it:
There is a swing low support.
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AUDUSD BUYThe AUD/USD pair is trading around 0.6520 on Tuesday. The daily chart’s technical analysis indicates a prevailing bullish bias as the pair remains within the ascending channel pattern. However, the 14-day Relative Strength Index (RSI) has moved below the 50 mark, indicating that a bearish bias is active. Additionally, the pair is positioned below the nine-day Exponential Moving Average (EMA), indicating that short-term price momentum is weaker.
The US and EU reached a framework trade agreement on Sunday that sets 15% tariffs on most European goods, taking effect on August 1. This deal has ended a months-long stand-off, per Bloomberg.
Traders keep their eyes on further developments in the US-China trade talks. The discussions are set to resume on Tuesday after top economic officials from both nations held over five hours of negotiations in Stockholm on Monday. The purpose of this meeting is to resolve ongoing disputes and extend their trade truce by another three months.
US Treasury Chief Scott Bessent met with China’s Vice Premier He Lifeng at Sweden’s Rosenbad government offices. The meeting comes ahead of an August 12 deadline to finalize a long-term tariff agreement with the Trump administration, building on preliminary deals reached in May and June that had helped ease tensions.
The US Federal Reserve (Fed) is widely expected to keep the benchmark interest rate steady between 4.25% and 4.50% at its July meeting. The FOMC press conference will be observed for any signs that rate cuts may start in September.
The Reserve Bank of Australia (RBA) is expected to closely watch the June labor force data and second-quarter inflation figures before deciding on a potential rate cut. Both the monthly and quarterly CPI reports are scheduled for release later this week.
SUPPORT 0.65593
SUPPORT 0.65424
SUPPORT 0.65593
RESISTSNCE 0.65050
RESISTANCE 0.64973
AUDUSD – DAILY FORECAST Q3 | W31 | D29 | Y25📊 AUDUSD – DAILY FORECAST
Q3 | W31 | D29 | Y25
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FX:AUDUSD
Trade Setup: AUDUSD – Short Opportunity Identified A fresh sel Trade Setup: AUDUSD – Short Opportunity Identified
A fresh sell opportunity on AUDUSD has been spotted, backed by bearish market structure, technical resistance, and macroeconomic sentiment favoring a downside move. AUDUSD is currently trading near a key resistance zone around 0.65250, where the price has previously failed to break higher.
The market has shown repeated rejections near this level, indicating potential for a bearish reversal.
The entry at 0.65239 is strategically positioned just below resistance, allowing traders to catch the move early before momentum builds.
The first target at 0.65150 is a short-term intraday support level and offers a quick, low-risk profit opportunity.
The second target of 0.65000 is a psychologically important level and a common magnet for price action in downward trends.
The third target at 0.64890 aligns with a previous swing low, making it a strong candidate for extended profit-taking if momentum continues.
The stop loss at 0.65340 is placed above the resistance and recent high to minimize losses while giving the trade enough room
AUDUSD(20250729)Today's AnalysisMarket news:
After gold prices soared to an all-time high of more than $3,500 an ounce in April, the latest report from the Commodity Futures Trading Commission (CFTC) showed that fund managers have increased their bullish bets to the highest level in 16 weeks.
Technical analysis:
Today's buy and sell boundaries:
0.6538
Support and resistance levels:
0.6610
0.6583
0.6566
0.6511
0.6493
0.6466
Trading strategy:
If the price breaks through 0.6538, consider buying, the first target price is 0.6566
If the price breaks through 0.6511, consider selling, the first target price is 0.6493
Potential BullsFrom the EW concepts, it looks like a w5 of a leading diagonal is the next print out on a D1 Time frame, and currently is a w4 correction.
By Harmonics, looks like a BAT Pattern finalising H1, and therefore looks like it's time to warm the engines of the chopper ready to fly. Until then we're expecting a bullish move.
AUDUSD ~ Real Time Elliott Wave UpdatesThis is an update of an AUDUSD chart I had previously posted. We can see that Wave B(Blue) confirms at the 161.8% Fib. level and then sells. Wave B(Blue) pushed a bit higher than I had previously thought, but all other analysis remains the same. The sentiment is a for a sell. Check my previous post for more analysis on this pair.
AUD/USD: Rising Wedge Breakdown Signals Bearish ShiftAUD/USD has broken down from a rising wedge formation after rejecting near the 61.8% Fibonacci retracement at 0.6558. This pattern, typically bearish, suggests the recent uptrend is losing steam — a view reinforced by Friday’s strong bearish candle closing below both the wedge support and the 50-day SMA (0.6510).
The price action now sits just above the 200-day SMA (0.6397), a level that could act as a short-term buffer. If this moving average gives way, focus shifts to the prior horizontal support at 0.6170. Meanwhile, upside attempts may find resistance at the broken wedge support and Fib zone near 0.6550.
Momentum indicators support the bearish case:
MACD is flat but biased lower, hovering near the zero line.
RSI has dipped below 50 (currently ~47.7), indicating weakening bullish momentum.
Unless AUD/USD quickly reclaims 0.6550, the path appears tilted toward further losses, potentially targeting the 0.63–0.62 zone.
Bias: Bearish breakdown with downside pressure while below 0.6550. Watch 0.6397 and 0.6170 as key support levels.
-MW
Australian dollar down, eyes US GDP, Australian CPIThe Australian dollar is down for a third straight trading day. In the North American session, the US dollar has posted gains against most of the major currencies, including the Aussie. The greenback received a boost after the US and the EU reached a framework trade agreement after protracted negotiations.
The data calendar is bare on Monday, with no events out of the US or Australia. Things get very busy on Wednesday, with Australian inflation, US GDP and the Federal Reserve rate decision.
Even with no US releases, the US dollar has posted gains against most of the major currencies, including the Aussie. The greenback received a boost after the US and the EU reached a framework trade agreement after protracted negotiations.
President Trump had threatened to impose 30% tariffs on European goods if a deal was not reached by Aug. 1. With the deal, a nasty trade war between the world's two largest economies has been avoided and the US will tariff most EU products at 15%.
The deal with the EU comes on the heels of a similar agreement with Japan, bringing a sigh of relief from the financial markets that have been worried about the economic fallout from Trump's tariff policy. The agreements remove a great deal of uncertainty and investors are hopeful that the US and Chinese negotiators will wrap up their talks with an agreement in hand.
The Federal Reserve meets on Wednesday and is virtually certain to maintain interest rates for a fifth straight meeting. It will be interesting to see if President Trump, who has been sharply critical of Fed policy, reacts to the decision. The money markets are expecting at least one cut before the end of the year, with the money markets pricing in a 61% likelihood a cut in September, according to FedWatch's CME.