|

AUD/USD Asia Price Forecast: Aussie hits fresh 5-month highs vs. US dollar

  • AUD/USD is trading near its highest level since early January 2020.
  • The level to beat for bulls is the 0.6990 resistance. 
 

AUD/USD four-hour chart

 
AUD/USD breaks to fresh 5-month highs as the USD selloff remains unabated. The aussie is trading just below the 0.6990 resistance and above its main SMAs while the market capitalizes on the bullish momentum. However, the quote will need a clear break beyond the 0.6990 level for a potential run towards the 0.7183 resistance levels. On the other hand, support can emerge near the 0.6834 and 0.6749 levels.
 
 

Additional key levels

AUD/USD

Overview
Today last price0.6922
Today Daily Change0.0026
Today Daily Change %0.38
Today daily open0.6896
 
Trends
Daily SMA200.6565
Daily SMA500.6398
Daily SMA1000.6481
Daily SMA2000.6658
 
Levels
Previous Daily High0.6899
Previous Daily Low0.6774
Previous Weekly High0.6683
Previous Weekly Low0.6519
Previous Monthly High0.6683
Previous Monthly Low0.6372
Daily Fibonacci 38.2%0.6851
Daily Fibonacci 61.8%0.6822
Daily Pivot Point S10.6814
Daily Pivot Point S20.6731
Daily Pivot Point S30.6689
Daily Pivot Point R10.6939
Daily Pivot Point R20.6981
Daily Pivot Point R30.7064

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD stays weak above 1.1750 ahead of German/ EU PMI data

EUR/USD remains on the back foot above 1.1850 in the European session on Friday, well within striking distance of a nearly one-month low set the previous day. Unabated US Dollar demand and nervousness ahead of the German and Eurozone business PMI data keep the pair undermined. 

GBP/USD recovers above 1.3450 after strong UK Retail Sales data

GBP/USD is recovering ground above 1.3450 in European trading on Friday, helped by a modest uptick in the Pound Sterling after a bigger-than-expected increase in the UK Retail Sales for January. However, the further upside appears limited in the pair amid persistent US Dollar strength and ahead of key UK and US data. 

Gold eyes next breakout on US GDP, PCE inflation data

Gold sticks to recent gains around the $5,000-mark early Friday, biding time before the high-impact US macro events. The focus is now on the US fourth-quarter Gross Domestic Product, core Personal Consumption Expenditures Price Index and the Supreme Court’s ruling on President Donald Trump’s tariffs.

Bitcoin, Ethereum and Ripple remain range-bound as breakdown risks rise

Bitcoin, Ethereum, and Ripple are trading sideways within consolidation ranges on Friday, signaling a lack of directional bias in the broader crypto market. BTC rebounded from key support, and ETH is nearing the lower consolidation boundary, while XRP is holding at its lower trendline boundary. 

Hawkish Fed minutes and a market finding its footing

It was green across the board for US Stock market indexes at the close on Wednesday, with most S&P 500 names ending higher, adding 38 points (0.6%) to 6,881 overall. At the GICS sector level, energy led gains, followed by technology and consumer discretionary, while utilities and real estate posted the largest losses.

Official Trump price approaches breakout with mixed signals from traders

Official Trump (TRUMP) is trading at $3.50 at the time of writing, approaching its upper consolidation range. A breakout from this range could open the door for an upside move. On-chain data shows market indecision, with balanced flows between bulls and bears, signaling a lack of clear directional bias.