The Australian dollar is receiving support from a recovery in metal prices and the release of local inflation data, which maintains expectations of continued tight monetary policy from the Reserve Bank of Australia.
Conversely, weak momentum in the US dollar, coupled with declining bond yields, is pushing investors toward commodity-linked assets, including the AUD
Technical Indicator Analysis
Moving Averages
The price is above the 50, 100, and 200 moving averages.
Bullish formation supports the continuation of the trend.
MACD
I Momentum is positive but has begun to decline.
Remains in the bullish zone without a decisive negative crossover.
Stochastic
Bulling from the mid-range (level 40).
Supports the continuation of the upward attempt provided the next resistance is breached.
Expected Scenarios
Bullish Scenario (Probable):
Continued stability above 0.6390 will re-target 0.6419 and then 0.6429.
A break of 0.6452 will trigger an upward wave towards 0.6480.
Corrective Scenario (Alternative):
Failure to maintain 0.6390 may push the price to test 0.6366.
A break of 0.6366 will weaken the momentum in the medium term.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | AUDUSD |
| 0.64294 | 0.63904 | Entry point |
| First resistance: 0.64533 | First support: 0.63665 | Target Point 1 (TP1) |
| Second resistance 0.64752 | Second support 0.63445 | Target Point 2 (TP2) |
| 0.63904 | 0.64294 | Stop Loss (SL) |
The AUD/USD pair is showing a consistent bullish structure in the medium term and appears poised to continue the trend provided 0.6429 is surpassed.
If it fails, attention will shift to 0.6366 as a key support level for the next price move.
Buying above 0.6419 with a target of 0.6452 is recommended, or from a technical rebound from 0.6390, with a stop loss below 0.6366.
