RBA Turns Hawkish, USD Weakens – AUDUSD Surges Without Brakes!

If I had to choose one pair that’s “waking up” thanks to the news flow, it would definitely be AUDUSD. The RBA maintains a clearly hawkish tone, Australian inflation remains high, and the economy continues to recover well. Meanwhile, across the Pacific, the market is increasingly expecting the Fed to begin cutting rates soon. The result? A weaker USD, while the Australian dollar attracts more capital — the perfect “tailwind environment” for a bullish trend.
On the 3H chart, AUDUSD is moving smoothly inside an ascending wedge, forming higher highs and higher lows, with price holding firmly above the Ichimoku cloud — a classic structure of a strong bullish market. After a brief shakeout at the lower boundary, buyers stepped in aggressively, engulfing the previous bearish candle and keeping price close to the upper edge of the wedge.
My preferred scenario: price may make a small pullback around 0.6570 to gather momentum, then continue pushing toward the target zone at 0.6630 — aligned with the upper boundary of the wedge and the next resistance area ahead. As long as the fundamental backdrop continues to favor AUD and the USD fails to regain strength, the most reasonable strategy is to buy with the trend, taking advantage of shallow pullbacks rather than trying to fight the rising wave of AUDUSD.
On the 3H chart, AUDUSD is moving smoothly inside an ascending wedge, forming higher highs and higher lows, with price holding firmly above the Ichimoku cloud — a classic structure of a strong bullish market. After a brief shakeout at the lower boundary, buyers stepped in aggressively, engulfing the previous bearish candle and keeping price close to the upper edge of the wedge.
My preferred scenario: price may make a small pullback around 0.6570 to gather momentum, then continue pushing toward the target zone at 0.6630 — aligned with the upper boundary of the wedge and the next resistance area ahead. As long as the fundamental backdrop continues to favor AUD and the USD fails to regain strength, the most reasonable strategy is to buy with the trend, taking advantage of shallow pullbacks rather than trying to fight the rising wave of AUDUSD.
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👉t.me/+aoROTvcQl3k4MzA1
Signals & setups to boost your edge
Free trading plans to follow
Real-time market insights
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.