AUD/USD Current Price: 0.6853

  • Aussie weakness to become more evident once below 0.6820.
  • RBA to release the Minutes of its latest meeting may offer insights of what's to come.

The AUD/USD pair fell to 0.6847, a fresh multi-month low, as the Aussie remains among the less attractive currency among majors. There were no direct macroeconomic news that could affect the pair at the beginning of the day, although headlines indicating that India is imposing tariffs on US goods took its toll on the Asian-currency bloc, amid fears trade tension will continue to hurt the Chinese economy. Softer gold and oil prices and dull action among equities added to the AUD/USD pair negative tone. This Tuesday, the RBA will release the Minutes of its latest meeting, which will shed some light over policymakers' decision to cut rates, while offering insights on what's to come. The country will also release Q1 House Price Index, seen down by 1.6% in the three months to March.

The AUD/USD pair heads into the Asian opening trading around its lows, and firmly bearish in the short-term picture, as, in the 4 hours chart, technical indicators have barely corrected extreme oversold conditions before resuming their declines, while the 20 SMA heads sharply lower above the current level, and far below the larger ones. The case of a longer-term bearish extension will increase if the pair loses 0.6820, a significant long-term support.

Support levels: 0.6820 0.6775 0.6730

Resistance levels: 0.6900 0.6940 0.6980

View Live Chart for the AUD/USD

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD under pressure just above 1.1000

Despite easing demand for the greenback, the EUR/USD pair remained subdued, holding just above the 1.1000f figure. Speculative interest waiting for a catalyst.



Cable remains bearish below 1.2900 handle

GBP/USD is correcting below the 1.2882/1.2900 resistance zone and the 50/100 SMAs. Buyers would need to overcome this area on a daily basis in order to reclaim the 1.2950 resistance.


USD/JPY trims losses, rises back above 109.00

The USD/JPY pair trimmed losses over the last hours amid a recovery of the US dollar and despite the decline in equity prices in Wall Street.


AUD/USD looks to end day modestly lower near 0.6850

The AUD/USD pair lost 50 pips last week and started the new week under modest bearish pressure as the AUD struggled to find demand amid the uncertainty surrounding the United States (US) - China trade conflict and falling copper prices.


Gold rebounds from multi-month lows, trades around $1,455

After posting its largest weekly percentage drop of the year and erasing more than $50, the troy ounce of the precious metal remained under pressure on Monday with the XAU/USD pair slumping to its lowest level since early August at $1,452.

Gold News

Forex Majors