AUD/USD inches higher to 0.7160, but lacks follow-through

DXY eases, helps the Aussie recovery.
But upside appears limited amid bearish technical bias and thin trades.
Focus shifts to US housing data for fresh trading impetus.

Dhwani Mehta FXStreet

The AUD/USD pair picked up fresh bids and broke its Asian range trade to the upside, clinching fresh session highs near 0.7160 region, as the US dollar extends its pullback from two-week tops against its major rivals after the Mueller report revealed the US President Trump actions to impede the inquiry.

The greenback rallied to the highest levels since end-March at 97.48 after the US March retail sales report showed that the American consumer spending witnessed the fastest expansion in 18 months. The recent slew of upbeat US fundamentals quelled concerns over a slowing US economy and collaborated to the broad USD strength.

However, the further upside appears to lack follow-through amid Easter holiday-thinned trades and a lack of fresh catalysts while the technical indicators continue to back the case for the downside bias.

In the day ahead, the spot will continue to get influenced by the sentiment around the US dollar, as attention turns towards the US housing starts and building permits data due later today at 1230 GMT. Note that the US data is likely to have limited impact on the dollar trades, as most traders are already out on a 4-day Easter holiday season.

AUD/USD Technical Levels

AUD/USD

Overview
Today last price	0.7152
Today Daily Change	0.0002
Today Daily Change %	0.03
Today daily open	0.7149

Trends
Daily SMA20	0.7124
Daily SMA50	0.711
Daily SMA100	0.7135
Daily SMA200	0.719

Levels
Previous Daily High	0.72
Previous Daily Low	0.7136
Previous Weekly High	0.7193
Previous Weekly Low	0.7087
Previous Monthly High	0.7168
Previous Monthly Low	0.7002
Daily Fibonacci 38.2%	0.716
Daily Fibonacci 61.8%	0.7175
Daily Pivot Point S1	0.7123
Daily Pivot Point S2	0.7097
Daily Pivot Point S3	0.7059
Daily Pivot Point R1	0.7187
Daily Pivot Point R2	0.7226
Daily Pivot Point R3	0.7252

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

USD/JPY recovers toward 160.50 ahead of BoJ press conference

USD/JPY recovers losses and heads toward 160.50 in early Europe on Tuesday, following the release of the Bank of Japan's monetary policy decision. The BoJ hiked the key rate by 25 bps to 1% as widely, providing little to no impetus to the Japanese Yen. The focus is now on the BoJ Deputy Governor Uchida's press conference.

AUD/USD sticks to red near 0.7050 after RBA's pause

AUD/USD remains in the red near 0.7050 following the Reserve Bank of Australia's (RBA) expected decision to pause its rate hike cycle. The pair assesses RBA Governor Bullock's press conference for a fresh trading impetus.

Gold holds gains above $4,300 amid cautious markets

Gold maintains a mildly positive tone, holding gains after rallying about 6.5% over the last few days. The precious metal's recovery, however, has lost steam after crossing the $4,300 line and remains practically flat as the initial enthusiasm about the US-Iran peace deal faded, with investors awaiting details of the agreement and monetary policy decisions by major central banks.

Solana's rebound gains momentum as ETF inflows return

Solana (SOL) steadies at $73 after posting three consecutive green candlesticks since the weekend. The recent recovery is supported by institutional demand, with spot Exchange Traded Funds recording net inflows of $2.81 million on Monday.

Kevin Warsh opens first Fed meeting June 16 with rate hold expected

Kevin Warsh was confirmed by the Senate in a 54-45 vote and sworn in as Federal Reserve Chair on 22 May 2026. The ceremony took place at the White House, with Supreme Court Justice Clarence Thomas administering the oath. The FOMC meeting on 16 and 17 June is his first as chair. The June meeting is also a quarterly projection meeting.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.