RBA Holds Firm – Fed Turns Dovish: AUDUSD Ready to Surge!When looking at AUDUSD right now, we’re seeing a pair supported by both fundamentals and technicals. The RBA holding rates steady and refusing to ease policy, while the Fed shifts toward rate cuts and a more dovish tone , has weakened the USD and given the AUD a clear short-term advantage.
On the H1 chart, price was recently rejected from a strong resistance zone and is now pulling back toward the support area around 0.6620 — a level aligned with the recent swing low and the lower edge of the Ichimoku cloud. If price holds this zone and shows bullish reaction, the ideal scenario is for AUDUSD to form a higher low and retest 0.6650, potentially extending toward the upper resistance band.
As long as the higher-low structure remains intact and price stays above this key support region, the preferred approach is still buying on dips , rather than fighting the trend. Now we simply wait to see whether the market offers a “clean pullback” into 0.6620 for an entry — or decides to break upward without hesitation.
