Is the AUD bull run coming to an end? Forex range trading NZD/USD [Video]

Brad Alexander FX Large Limited

Welcome to today’s Market Blast.

Today, we will take a look at Forex Trading on Gold, XAUUSD, USD Index, USDCAD, NZDUSD, and AUDUSD.

We don’t often look at weekly charts, but I just wanted to illustrate this bull run on AUDUSD and, in fact, all AUD pairs, all this year.

The RBA just increased their interest rates, but analysts feel that that was already baked into pricing.

They also feel that the run may be coming to an end, but be careful.

If the economy slows, based on the energy crisis or a slowdown in China, they may pause rate increases, but inflation may be a problem, so let’s watch the economic figures.

If we move into the 4-hour chart, we see more of a range trade.

However, we will learn more this week after the US Non-Farm Payroll report.

We have a similar situation with NZDUSD, with a very clear line of resistance.

Also, in the economic calendar, we see that both the US and Canada will be announcing their employment data at the same time.

This is a very common occurrence, and if the figures are contradictory and go against the trend, this gives us a great opportunity to enter a position with the trend.

CAD is strong now because of the elevated price of crude oil, thanks to the Iran War.

Technically, we see a clear bearish channel and price action near the upper trend line.

The stochastic oscillator is very overbought, but keep an eye on the news and the trend line.

To gauge where USD is, the USD Index shows us price action mid-range between $0.95 and $1.00, so check all your USD pairs for opportunities after the Non-Farm Payrolls.

This will all be relative to XAUUSD this week as investors are shifting away from the precious metal safe haven and investing in equities.

If we see any USD strength this week, gold may fall further, or it may rise to this upper trend line and fall if bearish sentiment continues.

The only other thing we notice is that we might be seeing price action in a falling wedge, which is often a bullish pattern.

With so much geopolitical uncertainty and no idea what will happen around the globe day to day, watch your risk management and be careful.

Author

Brad Alexander

FX Large Limited

Brad became fascinated with the Currency Markets from a young age and researched fundamental analysis.

GBP/USD extends losses toward 1.3200 after weak UK PMI data

GBP/USD loses further ground toward 1.3200 in the European session on Tuesday. Political uncertainty in the United Kingdom weighs on the British Pound, alongside weak business PMI data for June. Meanwhile, the US Dollar capitalizes on the risk-off mood and hawkish Fed bets ahead of the US PMI release.

EUR/USD stays weak below 1.1450 after German, EU PMI data

EUR/USD struggles to stage a rebound and trades below 1.1450 in the European session on Tuesday, after the data from Germany showed that the Composite PMI declined to 48 in June from 48.8 May, while that from the Eurozone rose to 49.5. Meanwhile, the US Dollar holds the upper hand against the Euro amid risk-off sentiment and a hawkish Fed outlook, leaving the pair on the defensive. Traders now await the US PMI data.

Gold drops to nearly two-week low, seems vulnerable amid Fed hike bets, bullish USD

Gold adds to its Asian session losses, and drops to a nearly two-week low, around the $4,115 region in the last hour amid a bullish US Dollar. Despite positive signals from US-Iran peace talks, widespread skepticism remains toward a final deal. This helps the USD in preserving its recent strong gains to the highest level since May 2025.

Bears cap Solana below $75 as ETF, retail demand wanes

Solana edges below $72 risking a third consecutive day of losses that could erase the 5% gains from Friday. SOL-focused Exchange Traded Funds reflect muted demand from institutional investors following a minor recovery last week. Meanwhile, retail trading activity hints at a bearish positional buildup.

US S&P Global PMI expected to show steady business growth in June

S&P Global will release the June flash Purchasing Managers' Indices for most major economies, with the United States data scheduled on Tuesday. These surveys of top private-sector executives are seen as an early indicator of the country’s economic health.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.