AUD/USD corrects lower from 6-week highs

Stronger US Dollar sends AUD/USD under 0.7640, still remains above key 0.7600.
The greenback is down against European currencies and the yen, but up versus EM and commodity link-currencies.

Matías Salord FXStreet

The AUD/USD pair is retreating on Thursday, trimming part of yesterday’s gains. It is still up for the week but it moved away from 0.7675, the highest level since April 23 it reached on Wednesday.

The decline took place amid a stronger US Dollar against Emerging market and commodity currencies. AUD/USD approached weekly highs during the Asian session at 0.7672 but lost momentum.

After moving sideways around 0.7650 for hours, the pair broke to the downside, and recently printed a fresh daily low at 0.7623. It was holding near the lows with the negative intraday tone intact.

The Aussie is also lower today against the Kiwi but on a weekly basis is still among the best performers supported by the RBA statement and Australian GDP data.

AUD/USD Technical level

To the upside, resistance level might be located at 0.7660, 0.7675 (Jun 6 high) and 0.7700. On the flip side, immediate support is seen at yesterday’s low at 0.7610 followed by 0.7590 (May 31 high / Jun 5 low) and 0.7555.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

GBP/USD dips below 1.3350 as USD demand surges

GBP/USD extends its intraday slide and closes in on 1.3300 in the American session on Thursday. The pair remains under heavy bearish pressure as the US Dollar (USD) benefits from the risk-averse market atmosphere amid escalating geopolitical tensions in the Middle East.

EUR/USD drops toward 1.1350 post ECB decision

EUR/USD remains under heavy bearish pressure in the second half of the day on Thursday and trades at its lowest level in three weeks below 1.1370. The ECB's cautious tone on policy tightening in the near future and the broad-based US Dollar (USD) strength on risk-aversion drag the pair lower.

Gold trims gains, dips to $4,050

Gold keeps retreating on Thursday, trading well below $4,100 early in the American session. US crude oil prices climb to a fresh six-week high above $90 amid a further escalation of tensions between the US and Iran, fueling inflation fears and bolstering US Fed interest rate hike expectations. Hawkish Fed bets weigh negatively on the yieldless bullion.

XRP Price Forecast: XRP trades sideways as Ripple targets 10 million agentic AI transactions

Ripple (XRP) is losing momentum on Thursday, albeit gradually, trading above $1.13. The remittance token tagged a weekly high of $1.16 on Tuesday, with gains mainly attributed to developments on the United States (US) Clarity Act and recent signs that inflation is easing in the world’s largest economy.

Bitcoin falls as surging Oil prices revive inflation concerns

Bitcoin extends its correction, trading below $65,800 after a modest decline in the previous day. Despite BTC’s fading strength, US-listed spot Bitcoin Exchange Traded Funds continued to attract institutional inflows on Wednesday, marking the seventh consecutive day of gains.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.