AUDUSD: Gold Breakout & DXY Resistance Could Fuel Bulls!!Hey Traders,
In tomorrow’s session, we’re eyeing a buying opportunity on AUDUSD around the 0.65100 zone. The pair remains in an uptrend and is currently in a correction phase, approaching a key support level at 0.65100.
We’re also keeping a bullish bias on Gold, which is attempting to break and hold above 3,400. Given the positive correlation between Gold and AUDUSD, this could lend additional upside momentum to the pair.
Meanwhile, the DXY is approaching the 98.300 resistance. A rejection from this level could serve as a strong catalyst for AUDUSD bulls.
Trade safe, Joe.
USDAUX trade ideas
AUD/USD – 1H | FVG Rejection SetupPrice is approaching the Swing High and FVG zone.
Two potential scenarios from here:
📉 Bearish – Reject from FVG (~0.6540) → Break below P1D Low (~0.6500) → Target Swing Low (~0.6480).
📈 Bullish – Break and hold above FVG → Continuation toward higher liquidity levels.
Key Levels:
FVG: ~0.6540
Swing High: ~0.6530
P1D Low: ~0.6500
Swing Low: ~0.6480
Order Block (OB) Support: ~0.6430
⚠️ Watch price reaction at FVG for a short-term reversal or continuation.
RBA lowers rates, Aussie dips lower, US CPI expected to riseThe Australian dollar is lower on Tuesday. In the European session, AUD/USD is trading at 0.6494, down 0.29% on the day.
The Reserve Bank of Australia lowered the cash rate by a quarter-point on Tuesday in a unanimous decision, bringing the cash rate to 3.60%. This is the lowest level since April 2023 and today's cut was the third this year.
This time around the RBA didn't shock the markets, unlike the July meeting when the RBA held rates and said it needed to see additional inflation data before lowering rates.
The rate statement began by noting that inflation has "fallen substantially" since 2022 and that inflation had fallen back within the target band of 2%-3% in the second quarter.
The Board noted that headline inflation was at 2.1% and trimmed mean (a key core CPI gauge) was at 2.7%. The Board said that underlying inflation is expected to continue to ease to the midpoint of the target band and the cash rate should continue to follow a "gradual easing path".
This dovish tune in the statement was balanced out by concerns that uncertainty remains in both the global economy and at home. The Board said it would remain cautious and would remain focused on price stabililty and employment.
At a post-meeting press conference, Governor Bullock said that the growth and inflation forecasts support further rate cuts but "there is still a lot of uncertainty" and future rate decisions would be data-dependent.
US inflation expected to rise to 2.8%
The US releases the July inflation report later today. Inflation is expected to nudge higher to 2.8% y/y, up from 2.7% y/y in June. This would mark a third straight acceleration and the highest inflation level since February. Core CPI is also expected to accelerate to 3.0%, up from 2.9%
Monthly, CPI is projected to ease to 0.2% from 0.3%. Core CPI is projected to rise to 0.3% from 0.2%.
Today's inflation data could shift market expectations for the September Fed meeting but the decision will very likely be rate cut, with a current likelihood of 84%, according to FedWatch's CME.
AUDUSD – DAILY FORECAST Q3 | W33 | D12 | Y25 Daily Forecast 📊 AUDUSD – DAILY FORECAST
Q3 | W33 | D12 | Y25
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FX:AUDUSD
AUDUSD H4 | Falling towards 50% Fibonacci support AUSSIE (AUD/USD) is falling towards the buy entry at 0.6471, which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce to the take profit.
Stop loss is at 0.6452, which is a swing low support that is slightly above the 78.6% Fibonacci retracement.
Take profit is at 0.6539, which is a pullback resistance.
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RBA poised to lower rates, Australian dollar in holding patternThe Australian dollar is coming off a strong week, gaining almost 1% against the US dollar. In Monday's European session, AUD/USD is almost unchanged at 0.6521.
The Reserve Bank of Australia is virtually certain to lower rates at Tuesday's meeting. This would be the third cut of 2025 and would lower the cash rate to 3.60%, its lowest level since April 2023. This indicates a gradual, cautious approach to lowering rates.
The RBA had a trick up its sleeve in July, when it opted to hold rates. The markets had widely expected a rate cut but the RBA said that it wanted to see additional inflation data before delivering a rate cut.
Inflation has been cooling, as CPI for the second quarter nudged down to 2.1% y/y, down from 2.4% in Q1. This strongly supports the case for a rate cut as CPI has fallen close to the lower band of the RBA's 2%-3% target. Core inflation has also been easing lower. As well, the labor market is showing signs of cooling and the central bank wants to avoid a sharp deterioration in employment data.
With today's move practically a given, investors will be looking for hints about further cuts. Governor Bullock has sounded cautious, noting that inflation remains sticky and there is continuing uncertainty over US tariffs.
Australian goods face a low 10% US tariff, which is not expected to have a significant impact on the economy. However, US tariffs on China, which is Australia's largest trading partner, could weigh on economic growth.
In the US, it's a very light calendar with no tier-1 events. On Tuesday, the US releases CPI for July, which is expected to tick up to 2.8% from 2.7% in June.
AUD/USD is testing support at 0.6414. Below, there is support at 0.6506
There is resistance at 0.6529 and 0.6536
AUDUSD Continues the UP Move ??!!After touching strong downs on every larger time frame, AUDUSD Continues to catch the Bullish Momentum. Check your support and resistances and open positions accordingly. Wait for Price Again and strong solid breakouts to enter the market.
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AUD/USD: Volume Profile & FVG Confluence Creates Strong Support On AUD/USD, it’s nice to see a strong buying reaction at the price of 0.65
There’s a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
(FVG) – Fair Value Gap and high volume cluster are the main reasons for my decision to go long on this trade.
Market Insights with Gary Thomson: 11 - 15 AugustMarket Insights with Gary Thomson: RBA Rate, US Inflation, UK Jobs & GDP, Earnings Reports
In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in!
In this episode of Market Insights, Gary Thomson unpacks the strategic implications of the week’s most critical events driving global markets.
👉 Key topics covered in this episode:
— RBA Interest Rate Decision
— US Inflation Rate
— UK Unemployment Rate
— UK GDP Growth Rate
— Trade Tensions
— Earnings Reports
Gain insights to strengthen your trading knowledge.
This video 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.
AUDUSD corrective pullback 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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AUD/USD 15M – Short SetupAUD/USD 15M – Short Setup
Price has tapped into a key supply zone around 0.6530 after a corrective move and is showing signs of bearish pressure. The rejection from this area aligns with previous structure highs and liquidity sweep. My short position aims to target the 0.6488 low, with stops above the recent high to protect against false breakouts.
This trade idea follows a supply-and-demand + liquidity grab concept, focusing on selling from premium prices into discounted areas. Risk is kept tight, and reward is maximized by riding the momentum back to the lows.
Key Takeaway: Patience pays, wait for price to come into your zone, confirm rejection, then execute with discipline.
AUDUSD – Bearish Scenario (USD ahead of CPI / PPI)Monthly: - Bearish – macro downtrend intact.
Weekly: - Bearish – price making lower highs and lower lows.
Daily: + Bullish retracement, but struggling to expand higher.
4H Context:
• Price inside descending regression channel, currently in premium zone.
• Overhead confluence: -FVG (0.65414 – 0.65511) and -BreakerBlock from prior bullish failure.
• Minor Buy Side Liquidity rests at 0.65414; possible draw before continuation lower.
Scenario Observation:
– Expectation is for price to draw towards Minor Buy Side Liquidity and tap into the -FVG / -BreakerBlock overlap.
– Monitor for rejection/displacement within this zone in agreement with monthly and weekly bias.
– Downside liquidity rests at 0.64190 (Sell Side) aligning with channel lower boundary.
– Invalidation if price closes decisively above 0.65669 on the 4H.
AUD/USD Show Mixed Signals,Market Sentiment Remains Wait-and-SeeThe Dollar Index kicked off the new week with an optimistic tone; however, the overall outlook for the currency appears to be in a state of hesitation. In my view, August may likely see limited volatility, with few significant movements on the horizon. Meanwhile, AUD futures (6A1!) indicate a consolidation around a previous supply zone, suggesting a potential pullback before reaching the next major supply level. Additionally, data shows an increase in short positions among non-commercial traders, which could hint at a possible bearish trend emerging in the near future.
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Market Analysis: AUD/USD Much Higher—Uptrend Shows StrengthMarket Analysis: AUD/USD Much Higher—Uptrend Shows Strength
AUD/USD started a decent increase above the 0.6480 and 0.6500 levels.
Important Takeaways for AUD/USD Analysis Today
- The Aussie Dollar started a decent increase above the 0.6450 level against the US Dollar.
- There is a connecting bearish trend line forming with resistance at 0.6530 on the hourly chart of AUD/USD.
AUD/USD Technical Analysis
On the hourly chart of AUD/USD, the pair started a fresh increase from the 0.6450 support. The Aussie Dollar was able to clear the 0.6470 resistance to move into a positive zone against the US Dollar.
There was a close above the 0.6500 resistance and the 50-hour simple moving average. Finally, the pair tested the 0.6540 zone. A high was formed near 0.6541 and the pair recently started a consolidation phase.
There was a move below the 23.6% Fib retracement level of the upward move from the 0.6449 swing low to the 0.6541 high. On the downside, initial support is near the 0.6510 level.
The next major support is near the 0.6495 zone or the 50% Fib retracement level. If there is a downside break below 0.6495, the pair could extend its decline toward the 0.6470 level. Any more losses might signal a move toward 0.6450.
On the upside, the AUD/USD chart indicates that the pair is now facing resistance near 0.6530. There is also a connecting bearish trend line forming with resistance at 0.6530.
The first major resistance might be 0.6540. An upside break above it might send the pair further higher. The next major resistance is near the 0.6580 level. Any more gains could clear the path for a move toward the 0.6600 resistance zone.
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AUDUSD – Tuesday’s RBA Rate Decision and US CPI Release Pivotal?It’s only 5 weeks ago that the RBA surprised FX traders by keeping interest rates on hold to provide policymakers with extra time to assess new information on the Australian economy and to confirm that the direction of inflation is moving back down towards 2.5% on a sustainable basis. This decision helped AUDUSD to post a 2025 high of 0.6625 on July 24th, a level from which fresh selling reappeared resulting in a low of 0.6419 being touched on August 1st.
August has so far been a positive one for AUDUSD, with general US dollar weakness seeing this popular currency pair closing on Friday at 0.6522, right in the middle of the range identified above. This week, Tuesday is potentially the pivotal day for AUDUSD traders to focus on with the RBA Interest Rate Decision due at 0530 BST, which is then quickly followed by the press conference led by Governor Bullock starting at 0630 BST.
A 25bps (0.25%) RBA rate cut is fully priced so anything else would probably be an even bigger surprise than the July pause. Especially since the latest Q2 CPI print showed inflation moving lower, a move acknowledged by RBA Deputy Governor Hauser as a welcome development. This shifts the emphasis towards the press conference where AUDUSD traders will be keen to hear whether their expectations for more rate cuts from the RBA into the first quarter of 2026 are correct or well off base.
That’s the AUD side of the pair covered, then later Tuesday the focus shifts to the US dollar side, when the latest US CPI update is released at 1330 BST. FX traders are very sensitive to the direction of US inflation, and the outcome of this release could well influence whether the Federal Reserve cut interest rates at their next meeting in September, as traders expect, or if they could be forced to remain unchanged as President Trump’s tariffs start to lead to higher prices, something Fed Chairman Powell has stated policymakers are concerned about.
Strap in AUDUSD traders tomorrow could be a wild and volatile ride!
Technical Update: Is the 0.6521 Level Pivotal?
So far, August has seen AUDUSD rally from the August 1st low into last Thursday’s high by just under 2%. While this activity may lead to some traders anticipating a more sustained period of strength, looking at the chart below, it becomes evident that further confirmation may be required before jumping to this conclusion.
Price strength seen last Thursday and Friday, was held by the 0.6521 price level, which is equal to half the decline that materialised between July 24th and August 1st. While 0.6521 is currently being tested, this looks like the first potential resistance focus, with closing breaks above this level required to suggest further strength towards 0.6625, the July 24th high.
As for support, traders may well now be focused on the 0.6480 level, which is half of the August price strength. While not a guarantee of prolonged declines, successful closing breaks below the 0.6480 support, might suggest continued price weakness.
As the chart above shows, closing breaks below the 0.6480 level, may see prices under increasing pressure, with possibilities to then test the August price low at 0.6419, even 0.6355, which is the 38.2% Fibonacci retracement of April 9th to July 24th 2025 strength.
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Bearish reversal?The Aussie (AUD/USD) is rising towards the pivot and could reverse to the 1st support that aligns with the 138.2% Fibonacci extension.
Pivot: 0.6532
1st Support: 0.6383
1st Resistance: 0.6625
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Tuesday’s triple risk: Tariffs, RBA rate cut, and U.S. inflationTraders face a busy Tuesday with developments on U.S. China trade talks, a RBA policy decision, and the latest U.S. inflation data.
U.S. China tariff deadline – Tuesday
The current truce between the U.S. and China is set to expire on 12 August, with U.S. Commerce Secretary Lutnick indicating it will likely be extended by 90 days. China may also face an additional 25% tariff on Russian oil imports, like measures already applied to India.
RBA announcement – Tuesday
The Reserve Bank of Australia is widely expected to cut rates, with a Reuters poll showing all 40 surveyed economists anticipating a 25bp reduction to 3.60%. The broader market is pricing a 98% probability of that outcome and a 2% chance of a larger 50bp cut.
U.S. CPI – Tuesday
Headline U.S. CPI for July is expected to rise 0.2% month-on-month taking the annual rate to 2.8% from 2.7%. Wells Fargo notes that the figures may show further signs of higher tariffs feeding into consumer prices.