Hello everyone,
AUD/USD is currently maintaining a mild uptrend after breaking above 0.6590 and holding steady above 0.6600. On the chart, Fair Value Gaps (FVGs) appear as imbalances in price, which could act as areas where the market may revisit before resuming the trend.
From a technical standpoint, price is trading above the Ichimoku cloud, suggesting that the bullish bias remains intact. When price stays above the cloud, the market typically continues higher, with the cloud acting as dynamic support during pullbacks. Immediate support is seen at 0.6600 and 0.6580, while nearby resistance sits at 0.6620–0.6630. A breakout above this zone could open the way towards 0.6650 and potentially 0.6700. Trading volume has also increased during upward moves, signalling that buying momentum is still dominant.
On the news side, the Reserve Bank of Australia (RBA) recently kept interest rates unchanged, though markets anticipate potential adjustments in the coming months. This remains a key driver for the AUD. Meanwhile, US CPI data and the Federal Reserve’s policy stance are still the primary factors shaping USD direction. In addition, global economic conditions and trade tensions could contribute to further volatility in this pair.
Given the current picture, the preferred scenario is still to the upside. If AUD/USD breaks above 0.6630, the next targets could be 0.6650 and 0.6700. On the other hand, if price pulls back to test 0.6600–0.6580, it could provide a solid buying opportunity as long as supportive factors remain in place.
Wishing you successful trades and effective risk management!
AUD/USD is currently maintaining a mild uptrend after breaking above 0.6590 and holding steady above 0.6600. On the chart, Fair Value Gaps (FVGs) appear as imbalances in price, which could act as areas where the market may revisit before resuming the trend.
From a technical standpoint, price is trading above the Ichimoku cloud, suggesting that the bullish bias remains intact. When price stays above the cloud, the market typically continues higher, with the cloud acting as dynamic support during pullbacks. Immediate support is seen at 0.6600 and 0.6580, while nearby resistance sits at 0.6620–0.6630. A breakout above this zone could open the way towards 0.6650 and potentially 0.6700. Trading volume has also increased during upward moves, signalling that buying momentum is still dominant.
On the news side, the Reserve Bank of Australia (RBA) recently kept interest rates unchanged, though markets anticipate potential adjustments in the coming months. This remains a key driver for the AUD. Meanwhile, US CPI data and the Federal Reserve’s policy stance are still the primary factors shaping USD direction. In addition, global economic conditions and trade tensions could contribute to further volatility in this pair.
Given the current picture, the preferred scenario is still to the upside. If AUD/USD breaks above 0.6630, the next targets could be 0.6650 and 0.6700. On the other hand, if price pulls back to test 0.6600–0.6580, it could provide a solid buying opportunity as long as supportive factors remain in place.
Wishing you successful trades and effective risk management!
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Trade Gold, Forex, Bitcoin – the market moves fast, grab your edge today!
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
👉🏻Join here: t.me/+jBAj1Jdf4vY1NzM1
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.