AUD/USD outlook: Larger bears to remain intact while 0.70 barrier caps recovery attempts
US CPI, Aussie jobs and bank earnings headline the week.
AUD/USD snapped a four-week losing streak, but its modest rebound faces a busy week of economic data and geopolitical risks. Rising oil prices and Middle East tensions threaten risk appetite, while RBA minutes, Australian employment figures and US CPI could reshape interest rate expectations.
AUD/USD snapped a four-week losing streak, but its modest rebound faces a busy week of economic data and geopolitical risks. Rising oil prices and Middle East tensions threaten risk appetite, while RBA minutes, Australian employment figures and US CPI could reshape interest rate expectations.
2026 Australian Dollar Forecast: Crédit Agricole Sees $0.73 After Near-Term Setback FX analysts expect the Aussie Dollar to recover against the US Dollar, but softer rate expectations and bond-market strains delay its rebound. Crédit Agricole forecasts another setback for the Australian Dollar before a recovery to US$0.73 by December.
AUD/USD is attempting to stabilize after a sharp month-long decline carried the pair into a major support zone last week. The rebound has now brought Aussie back to an important technical threshold, where buyers are trying to break the descending structure that has governed price action since the September high.
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AUD/USD Price Forecast: A fresh downside leg looks likely below 0.6900
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Australian Dollar defies rising yields as AUD/USD closes in on 0.70
AUD/USD Price Forecast: Fresh downside likely below 0.6900
AUD/USD closed lower for a fourth week as the Australian dollar continued to retreat against the FX majors. Yet softer US payrolls, falling Fed hike expectations and increasingly stretched bearish positioning suggest the decline could lose momentum over the near term.