The Australian dollar continues to make gains, supported by:
Improved risk appetite in global markets
Rising metal prices (especially copper)
Steady monetary policy by the Reserve Bank of Australia (RBA)
Conversely, a slight weakness in the US dollar due to expectations of a rate hike and the absence of strong economic stimulus this week gave risk assets the opportunity to advance.
Technical Indicator Analysis
Moving Averages
The price is above the three moving averages (50, 100, and 200).
The ascending moving averages confirm the continuation of the trend.
MACD
In the positive zone.
No signs of weakness, and the trend is still active.
Stochastic
Moving within the overbought zone, but has not yet shown a negative crossover.
Momentum is stable so far
Possible Scenarios
Bullish Scenario
Continued rise towards 0.6448 and then 0.6480.
Provided 0.6397 is not broken.
Bearish Scenario
Breaking 0.6397 could lead to a correction towards 0.6375 – 0.6352.
Represents an opportunity to buy back at support.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | AUDUSD |
| 0.64397 | 0.63970 | Entry point |
| First resistance: 0.64648 | First support: 0.63745 | Target Point 1 (TP1) |
| Second resistance 0.64693 | Second support 0.63523 | Target Point 2 (TP2) |
| 0.63970 | 0.64397 | Stop Loss (SL) |
The AUD/USD pair is steadily completing the medium-term uptrend structure, and momentum remains positive.
The next break of 0.6448 will confirm the continuation of the upward trajectory towards new levels.
The best current strategy: Buy after a break of 0.6448 or a retest of 0.6397, with a stop loss below 0.6370.
