Intraday analysis covering AUDUSD, USDJPY, and GER 40 hitting a lower low, focusing on short-term price action, key support and resistance levels, and intraday market momentum across major instruments. AUDUSD testing critical resistance The Australian dollar remains elevated as the pair attempts to break above 0.7260.
The Aussie Dollar remained supported above 0.7120 against the US Dollar. AUD/USD started a fresh increase above the 0.7180 and 0.7200 resistance levels.
AUD/USD Price Forecast: Eyes nine-day EMA support near 0.7200
AUD/USD may be on the verge of a bullish breakout as the US dollar loses one of the key pillars that supported it during periods of geopolitical stress over recent months.
Intraday bias in AUD/USD remains neutral for consolidations below 0.7277. Further rise is expected as long as 0.7101 support holds.
AUD/USD Price Forecast: Advancing 20-day EMA backs more upside towards 0.7300
When are the CPI, PPI and how could they affect AUD/USD?
AUD/USD enters the new week near three-year highs, supported by broad risk appetite, bullish futures positioning and hopes tensions between the US and China may continue to thaw. While Australian economic data is unlikely to be a major volatility driver, traders will closely monitor US inflation reports, the Trump-Xi summit in Beijing and geopolitical risks surrounding Iran and the Strait of Hormuz.
The RBA's higher-rate stance, oil-driven inflation risks, and China's weak recovery are shaping the outlook for AUDUSD and the ASX 200 as markets weigh sticky inflation against slower growth.
AUD/USD jumps above 0.7240 as softer US wage growth offsets Iran hostilities
AUD/USD Price Forecast: Rebounds toward 0.7250 near four-year highs
AUD/USD slips from multi-year highs as Aussie trade slumps and Dollar bounces