AUD/USD Analysis
The AUD/USD has pulled back a bit from the two-week peak of 0.6960 reached during Tuesday’s Asian trading, and it seems the recent three-day rally might have stalled for the time being. Still, the drop doesn’t seem particularly strong, so it’s probably best to be cautious before deciding that the recent recovery from three-month lows has completely fizzled out.
Looking at the technical side, the AUD/USD pair has yet to clear the 38.2% Fibonacci retracement level from the rally between November 2025 and May 2026. It may be wise to hold off on any positions until there’s a clear move above this level, especially as it relates to bouncing off the significant 200-day simple moving average support around 0.6870.
Interestingly, the moving average convergence divergence (MACD) has nudged slightly into positive territory, implying that there may be a bit of upward momentum starting to build. But, the Relative Strength Index (RSI) is hovering around 42, indicating just moderate pressure in one direction, which aligns with a current consolidation phase. Aggressive bullish traders might want to tread carefully, especially with rising tensions in the Strait of Hormuz lending support to the USD.
First support for the AUD/USD is at the 50% retracement level around 0.6853, followed by a more significant structural level at the 61.8% Fibonacci retracement near 0.6752. If the decline continues, keep an eye on 0.6608 and 0.6425 for additional support levels, while on the upside, breaking through 0.6954 might open the door to the next Fibonacci barrier at 0.7079. A cycle high around 0.7282 still feels like a ways off for any bullish momentum to really take hold.
AUD/USD Daily Chart
The table below outlines the percentage changes in the Australian Dollar (AUD) against major currencies over the past week. Notably, the Australian dollar has shown strength against the Canadian dollar.
| USD | EUR | GBP | JPY | CAD | Australian Dollar | New Zealand Dollar | Swiss Franc | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.13% | -0.99% | -0.10% | 0.04% | -0.83% | -0.85% | -0.25% | |
| EUR | 0.13% | -0.88% | 0.04% | 0.15% | -0.71% | -0.66% | -0.12% | |
| GBP | 0.99% | 0.88% | 0.93% | 1.01% | 0.15% | 0.21% | 0.75% | |
| JPY | 0.10% | -0.04% | -0.93% | 0.17% | -0.69% | -0.64% | -0.18% | |
| CAD | -0.04% | -0.15% | -1.01% | -0.17% | -0.87% | -0.80% | -0.28% | |
| Australian Dollar | 0.83% | 0.71% | -0.15% | 0.69% | 0.87% | -0.01% | 0.59% | |
| New Zealand Dollar | 0.85% | 0.66% | -0.21% | 0.64% | 0.80% | 0.01% | 0.51% | |
| Swiss Franc | 0.25% | 0.12% | -0.75% | 0.18% | 0.28% | -0.59% | -0.51% |
The table illustrates the percentage shifts between the Australian Dollar and other major currencies. Essentially, it shows how the AUD has been performing over the last week, particularly noting its strength against the CAD.
