TRENDING:

GBP/USD

XAU/USD

AUD/USD Price Analysis: Bulls firm at critical support area, but bears eye test of 0.6700/6680s

AUD/USD point of control eyed near 0.6680.
Bulls step in at key support area vs. heavily bearish price action.

Ross J Burland FXStreet

As per the prior analysis, AUD/USD Price Analysis: Bears eye a break below key 0.6750, we have seen this play out. The bears moved in and took out the 0.6750s, printing a low of 0.6722, with last week's lows down in the 0.6620s on a break of 0.6700, 0.6690.

AUD/USD prior analysis

''The market has been giving two-way business and what we might see now is a downside continuation as follows:

AUD/USD H4 chart

The bears are lurking to fade rallies in the internal and external target areas. A downside target of 0.6750 is eyed that guards low-hanging fruit, LHF, below.''

AUD/USD updates

The daily chart is showing bearish momentum in the price action.

AUD/USD H1 chart

The bears moved in on the target area but there could be more to come and the hourly chart offers an insight to the bearish bias as per critical levels drawn above. A break beyond 0.6700 while below the significant levels opens risk towards last week's lows.

However, we the higher volumes below will not make life easy for the bears. The path of least resistance may turn out to be to the upside on failed attempts to the point of control near 0.6680.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD retreats toward 1.1700 on modest USD recovery

EUR/USD stays under mild bearish pressure and trades below 1.1750 on Friday. Although trading conditions remain thin following the New Year holiday and ahead of the weekend, the modest recovery seen in the US Dollar causes the pair to edge lower. The economic calendar will not feature any high-impact data releases.

GBP/USD struggles to gain traction, stabilizes near 1.3450

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and trades marginally lower on the day at around 1.3450 as market participants remain in holiday mood.

Gold climbs toward $4,400 following deep correction

Gold advances toward $4,400 and gains more than 1.5% on the day after suffering heavy losses amid profit-taking heading into the end of the year. Growing expectations for a dovish Fed policy and persistent geopolitical risks seem to be helping XAU/USD stretch higher.

Cardano gains early New Year momentum, bulls target falling wedge breakout

Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).