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Technicalnalysis

AUDUSD Set to Rally as Dollar Softens Ahead of Fed Cut!Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around the 0.66000 zone. AUDUSD is trading in an uptrend and is currently in a correction phase in which it is approaching the 0.66000 support and resistance area. On the fundamental side, the U.S. Dollar continues to weaken as markets front-run the expected Fed rate cut, and traders increasingly price in a more dovish policy stance going into the next FOMC meeting. This broad Dollar softness supports upside momentum on AUDUSD, especially as risk sentiment improves. Trade safe, Joe.
Long
by JoeChampion
7
AUDUSD Eyes 0.6500 as Softer CPI and Weak Jobs Data Weigh on USDHey Traders, In the coming week, we’re monitoring AUDUSD for a potential buying opportunity around the 0.65000 zone. The pair remains in a broader uptrend, with the current pullback shaping up as a healthy correction toward key structural support. Structure: Price continues to respect its ascending trendline, and the 0.65000 area aligns with a strong confluence of horizontal support and dynamic trend structure — a level that has previously attracted strong buying momentum. Macro Outlook: The latest U.S. inflation print came in softer at 3.0%, undershooting expectations, while labour market data continues to signal cooling conditions. Together, these developments reinforce a dovish shift in Fed sentiment, weighing on the U.S. Dollar Index (DXY). At the same time, Gold continues to rally, underpinned by the weakening Dollar and rising safe-haven demand. Given the positive correlation between AUD and Gold, this macro backdrop strengthens the bullish case for AUDUSD in the coming sessions. Next Move: A sustained bid around 0.65000 could mark the start of another impulse leg higher — targeting a retest of recent highs if momentum confirms. Trade safe, Joe
Long
by JoeChampion
9