Weekly technical analysis – Oil, Gold, AUD/USD [Video]
AUD/USD: Key support test as RBA looms – Societe Generale
AUD/USD Price Forecast: Bears await break below 0.7000 ahead of RBA on Tuesday
TL;DR: The Australian Dollar is the week's worst-performing major currency even with a September RBA hike to 4.60% essentially fully priced—the weakness reflects position lightening ahead of uncertain vote composition and guidance, not doubt about the hike itself, with AUD/USD now testing 0.7006 support.
AUDUSD currency pair recently reversed down from the key resistance zone located between the resistance zone 0.7235 (which previously stopped the major upward wave (1) in May) and the upper resistance line of the daily up channel from June.
AUD/USD Price Forecast: Key trigger is RBA's policy on Tuesday
Summary:AUD/USD fell below 0.7100 on Wednesday, reaching a one-week low as weaker Australian business activity and a stronger US Dollar weighed on the pair. Australia's September Composite PMI dropped to 50.8 from 52.7, while manufacturing contracted for the first time since March.
AUDUSD pushes lower USD drives higher as the Australian dollar took another step towards this month's low with a test at the 0.7100 level. The Australian dollar took another step towards this month's low with a test at the 0.7100 level.
AUD/USD Price Forecast: 20-day EMA remains key barrier amid firm US Dollar
The 24 September Trump–Xi meeting could set the next direction for global risk sentiment as markets await an extension of the US–China trade truce, targeted tariff cuts and agricultural purchases. This trading playbook highlights five assets most exposed to the outcome: USD/CNH, Hang Seng Tech, AUD/USD, the Nasdaq 100, and Singapore's STI, and explains how traders can position for a deal, disappointment, or a sell-the-fact reversal.
AUD/USD Price Forecast: Upside bias intact despite mixed momentum
AUD/USD Price Forecast: Holds comfortably above 0.7100 as bulls await Trump-Xi meeting