AUD/USD Weekly Outlook: RBA Minutes Weigh on Rate ForecastTrend: Bearish correction after RBA dovish signals
Current Price: 0.6500
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Bearish Scenario
• Entry: SELL STOP 0.6435
• Targets: 0.6348, 0.6287
• Stop-Loss: 0.6500
Bullish Scenario
• Entry: BUY STOP 0.6555
• Targets: 0.6622, 0.6653
• Stop-Loss: 0.6410
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Key Levels
• Resistance: 0.6550, 0.6622, 0.6653
• Support: 0.6439, 0.6348, 0.6287
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Indicators
• Bollinger Bands: turning down
• MACD: negative zone
• Stochastic: moving up, nearing overbought
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📌 Break below 0.6439 confirms continuation to 0.6348 → 0.6287.
Recovery above 0.6550 shifts focus to 0.6622 → 0.6653.
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USDAUD trade ideas
AUDUSD Strong sell opportunity above he 1D MA50.The AUDUSD pair is rebounding after almost touching the 3-month Higher Lows trend-line and is about to break above the 0.618 Fibonacci retracement level.
Any long-term upside attempt is restricted by the presence of the Lower Highs trend-line, with the last sell signal coming above the 1D MA50.
As a result, we are waiting to sell this and target the Inner Lower Lows at 0.64150.
Pay close attention also to the 1D RSI's top Channel for a sell.
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Australian CPI expected to jump, Aussie steadyThe Australian dollar is showing limited movement on Tuesday. In the European session, AUD/USD is trading at 0.6482, down 0.01% on the day.
The markets are bracing for an acceleration in Australian CPI on Wednesday. The market estimate stands at 2.3% y/y, compared to 1.9% on June which was the lowest level in over three years. The 1.9% gain was below the Reserve Bank of Australia's 2-3% target range and enabled the RBA to lower rates earlier this month.
If inflation does rise as expected, it would complicate the central bank's plans to continue lowering rates in order to boost economic growth. The RBA minutes from the August meeting noted that inflation remains a concern with risks to inflation in "both directions".
The minutes indicated that members were in agreement that further rate cuts were needed this year but were unclear as to the extent of the easing. Members said that a faster pace of cuts would be appropriate if the labor market softened more quickly than expected or if there were negative developments in the global economy.
The minutes said that upcoming rate decisions would be data-dependent. Investors will be keeping a close eye on employment and inflation data, which are the most critical factors for the central bank in determining its rate path.
The Federal Reserve is widely expected to lower rates at the September meeting, after holding rates since December 2024. Federal Chair Powell's speech at Jackson Hole essentially confirmed a September cut and the US dollar responded with sharp losses against the major currencies. The key question is whether the Fed will cut again in December - that decision will be heavily influenced by the employment and inflation reports.
There is resistance at 0.6524 and 0.6555
0.6469 and 0.6438 are providing support
AUD/USD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
AUD/USD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.644 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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AUDUSD Technical Analysis! SELL!
My dear subscribers,
My technical analysis for AUDUSD is below:
The price is coiling around a solid key level - 0.6490
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.6459
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
AUD/USD Bearish Setup with Targets ExplainedFenzoFx—AUD/USD formed new lower lows and lower highs after it was displaced by closing below $0.6485. Interestingly, the pair created equal lows at $0.6418. This indicates the trend should be considered bearish, and liquidity is present below $0.6418.
Currently, AUD/USD is consolidating by tapping into the bearish order block. From a technical perspective, we expect the downtrend to resume.
Targets: $0.6418 followed by $0.6372.
AUDUSD – Trading the Technicals Around Inflation UpdatesFor much of last week AUDUSD was struggling for any upside momentum at all, as an initial fall from a high at 0.6524 on Monday kicked off 4 straight down days in a row, eventually hitting a low of 0.6414 on Thursday, and again on Friday, pre–Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole.
Then, on Friday afternoon it all changed. Powell was more dovish than many FX traders expected which initiated a rush to resell dollars in the hope of the Fed being prepared to cut interest rates as soon as their meeting on September 17th. This led to AUDUSD rebounding strongly into the weekend, eventually closing the week right back where it started around 0.6500.
Yesterday, in a quiet day’s trading AUDUSD managed to consolidate these gains, but this morning with the RBA minutes from the Australian central bank’s last meeting in early August indicating a willingness to cut interest rates again in 2025, as and when the economic data allows, prices have started to edge back to the downside again with a drop to a low of 0.6470 at the time of writing (0700 BST).
Now, looking forward, traders need to consider preparing for 2 key pieces of inflation data, the first from Australia, when the monthly CPI is released at 0230 BST Wednesday (August 27th), then the second on Friday from the US, when the Fed’s preferred inflation gauge, the PCE Index is released at 1330 BST (August 29th). Both inflation updates have the potential to shift trader thinking on where AUDUSD may move next.
The technical outlook could also have an important influence on trader decision making.
Technical Update: Powell Confirms 0.6419 as Support
Much of last week’s AUDUSD activity saw continued price weakness, although Chairman Powell’s testimony on Friday always remained the key focus for FX traders. However, with the initial decline testing the August 1st low at 0.6419, this may have been viewed by some as a support level, at least for the short term.
As the chart above shows, Powell’s Jackson Hole speech did help to reinforce this support at 0.6419, triggering a price rally to end the week. This may now leave traders questioning the directional risks for AUDUSD in the week ahead.
With this in mind, it may help to identify the key support and resistance levels which could influence AUDUSD next price moves.
Potential Resistance Levels:
Following the latest recovery in price, the August 25th session high at 0.6505 could now mark initial resistance this week. How prices behave around this level, particularly on a closing basis, may indicate whether the rally has further upside momentum.
A closing break above 0.6505 may prove to be a potentially positive development. While not a guarantee of continued price strength, it could open scope for a move towards 0.6569 (August 14th high), even 0.6625 (July 24th extreme).
Potential Support Levels:
Initial support remains between the 0.6414/19 band (August lows) which helped fuel Friday’s rally. A closing break below this zone may lead to a further period of price weakness.
If a closing break below 0.6414/19 occurs, further weakness may follow, with potential for tests of 0.6355 (38% Fibonacci retracement), even then declines towards 0.6271 (50% retracement), if this level was to break.
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AUD/USD: Recovery After a Sharp DeclineAUD/USD fell sharply to a two-month low around 0.6410 after the USD strengthened significantly, driven by reduced market expectations of a Fed rate cut in September, while the RBA kept interest rates unchanged, providing no additional support for the Aussie. However, following the heavy selling pressure, the pair staged a technical rebound toward 0.6490, mainly supported by USD profit-taking, though this is not yet a signal of a sustainable bullish trend.
On the chart, the 0.6480 support level is still holding, and price is now moving toward the 0.6520 resistance zone. A breakout above this level could reinforce short-term bullish momentum and extend the recovery. Conversely, failure to break higher may lead to a pullback toward 0.6445, or even a retest of the 0.6414 low.
In the current context, this is viewed as an important technical rebound after a steep drop, but not yet enough to confirm a long-term uptrend. Traders should carefully watch the market’s reaction around the 0.6520 resistance before deciding on their next strategy.
Could the price reverse from here?The Aussie (AUD/USD) is reacting off the pivot that lines up with the 50% Fibonacci retracement and could drop to the 1st support.
Pivot: 0.6492
1st Support: 0.6451
1st Resistance: 0.6530
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bearish drop?AUD/USD is reacting off the resistance lev which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this levle to our take profit.
Entry: 0.6491
Why we like it:
There is a pullback resistance that aligns with the 50% Fibonacci retracement.
Stop loss: 0.6519
Why we llike it:
There is a pullback resistance level.
Take profit: 0.6451
Why we like it:
There is a pullback support that lines up with the 61.8% Fibonacci retracement.
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AUD/USD – Possible Pullback Setup (VMS Strategy)AUD/USD is showing signs of a possible pullback. For me, the next step is simple: wait for all VMS rules (Volume, Momentum, and Structure) to line up before taking action.
I don’t chase trades — I prepare for them. If the next candle confirms with full alignment, we may have an A+ setup. Until then, patience is the edge.
👉 This is how I approach every chart: clarity, confidence, and consistency.
#AUDUSD #VMSStrategy #TradingDiscipline #ForexSetup #AlignedExecution
Who Will Ease More: The RBA or the Fed?Who Will Ease More: The RBA or the Fed?
Technical Factors AUDUSD is currently consolidating sideways within a narrowing triangle, with converging multi-period EMAs, signaling continued range-bound awaiting a breakout. Typically, such consolidation precede a strong momentum move once the range is broken.
A break below the 0.6400 support could trigger a downside extension toward 0.6200.
However, AUDUSD may continue to range between 0.6400 – 0.6600 until a fresh catalyst emerges to drive a decisive breakout.
Fundamental Factors
At present, USD is a key driver across global FX, including AUDUSD, with sentiment focused on Fed rate cut expectation following weaker-than-expected US data such as NFP and PPI.
On the other hand, weak Chinese economics data (e.g., slowing PMI), as Australia’s key trading partner, continues to weigh on commodity demand and in turn pressures the AUD.
Meanwhile, the RBA remains in its rate-cut cycle. Markets are watching closely whether further cuts are forthcoming, given easing inflationary pressures and slowing growth. If the RBA cuts more quickly, the AUD is likely to weaken further. Tomorrow RBA meeting will be in focus.
Therefore, the near-term direction of AUDUSD hinges on which central bank turns more dovish, the RBA, which has been cutting for some time, or the Fed, which may soon begin easing again.
Market sentiment also plays a key role as risk-off conditions favor safe-haven USD inflows and weigh on AUDUSD, while improved risk appetite could temporarily ease selling pressure on the AUD.
Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness
AUDUSD retest of support at 0.6420Trend Overview:
The AUDUSD currency price remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher.
Key Technical Levels:
Support: 0.6420 (primary pivot), followed by 0.6400 and 0.6370
Resistance: 0.6560 (initial), then 0.6590 and 0.6620
Technical Outlook:
A pullback to the 0.6420 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 0.6560, 0.6590, and ultimately 0.6620.
Conversely, a daily close below 0.6420 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 0.6400 and 0.6370 as downside levels.
Conclusion:
AUDUSD maintains a bullish structure while trading above the 0.6420 support. A bounce from this level would validate the consolidation as a continuation pattern. The loss of this level and a daily close below would suggest deeper corrective risk.
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Australian Dollar Surges SharplyAustralian Dollar Surges Sharply
As illustrated by the AUD/USD chart, while the pair was trading near a two-month low at the start of Friday, today it has jumped by more than 1.1%.
The primary driver behind this rally is the weakening US dollar, which reflects the market’s reaction to Jerome Powell’s comments at the Jackson Hole Symposium. He stated that the risks of declining employment are rising. And if these risks materialise, it could happen very quickly. According to Reuters, this strengthens the likelihood of a Federal Reserve rate cut at its meeting next month.
At the same time, market participants are preparing for the release of Australia’s CPI data, scheduled for this Wednesday.
Technical Analysis of AUD/USD
On 14 August, we reviewed the dynamics of the Australian dollar and highlighted the following:
→ a descending channel was identified, with the AUD/USD chart signalling prevailing bearish sentiment;
→ the psychological level of 0.6500 was marked as critical.
Since then:
→ the pair broke through the support line S around 0.6500;
→ on Friday it dropped to a two-month low;
→ but today it is showing signs of strength.
What Could Happen Next?
Bearish outlook:
→ the pair remains within the descending channel;
→ low 5 continues the sequence of lower highs and lower lows;
→ the sharp rally in AUD/USD might prove to be an overly emotional reaction to the Fed Chair’s remarks.
Bullish outlook:
→ when forming low 5, the price fell only slightly below low 3. In SMC terminology, this can be interpreted as a bullish Liquidity Grab;
→ the black arrow indicates a long lower shadow – a sign that demand persisted over the weekend.
Price action suggests an attempt to test the resistance area formed by:
→ the 0.6500 level,
→ the QH line dividing the upper half of the channel into two quarters,
→ the bearish candle (marked with a red arrow), where selling pressure was previously aggressive, breaking support at S – meaning supply dominance may still remain to some extent.
If bulls manage to secure a foothold above 0.6500, this mght be interpreted as a significant shift in market sentiment in favour of demand. In the longer term, this could drive AUD/USD towards the upper boundary of the channel (with a possible breakout scenario).
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Market Analysis: AUD/USD Starts Recovery, Key Hurdles AheadMarket Analysis: AUD/USD Starts Recovery, Key Hurdles Ahead
AUD/USD is attempting a fresh increase from 0.6415.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar found support at 0.6415 and moved higher against the US Dollar.
- There was a break above a key bearish trend line with resistance at 0.6440 on the hourly chart of AUD/USD.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD, the pair formed a base above 0.6415. The Aussie Dollar started a significant increase above 0.6425 against the US Dollar to enter a short-term positive zone.
There was a break above a key bearish trend line with resistance at 0.6440 and the 23.6% Fib retracement level of the downward move from the 0.6568 swing high to the 0.6415 low. The pair even surpassed 0.6470 and settled above the 50-hour simple moving average.
On the upside, the AUD/USD chart indicates that the pair is now facing resistance near the 50% Fib retracement level at 0.6490. The first major hurdle for the bulls could be 0.6520.
An upside break above 0.6520 resistance might send the pair further higher. The next major target is near the 0.6540 level. Any more gains could clear the path for a move toward 0.6565. If there is no close above 0.6490, the pair might start a fresh decline.
Immediate support sits near the 0.6470 level. The next area of interest could be 0.6440. If there is a downside break below 0.6440 support, the pair could extend its decline toward 0.6410. Any more losses might signal a move toward 0.6350.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
AUSSIE H4 | Bullish reversalBased on the H4 chart analysis, we can see that the price has bounced off the buy entry, identified as an overlap support, and could continue rising to the upside.
Buy entry is at 0.6481, which is an overlap support.
Stop loss is at 0.64450, which is a pullback support.
Take profit is at 0.6551, which is a swing high resistance.
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Heading into pullback resitance?The Aussie (AUD/USD) is rising towards the pivot, which has been identified as a pullback resistance and could reverse to the 1st support, which is a swing low support.
Pivot: 0.6546
1st Support: 0.6414
1st Resistance: 0.6604
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.