AUD/USD Price Analysis: Eases from intraday top below 0.7700

AUD/USD trims intraday gains, stays below key hurdles.
Fortnight-old horizontal area, monthly resistance line test recovery moves.
Bears need to break 0.7557 for confirmation, monthly top adds to the upside barriers.

Anil Panchal FXStreet

AUD/USD steps back from 0.7664 while trimming intraday gains to 0.24% ahead of Tuesday’s European session. In doing so, the quote fades upside momentum before hitting the key barriers to the north.

Among them, a horizontal area between 0.7690 and 0.7705, comprising 100-SMA, becomes the first challenge to the AUD/USD buyers.

Following that, a one-month-long falling resistance line and the monthly top, respectively around 0.7765 and 0.7850 will be important to watch.

On the contrary, the early month lows surrounding 0.7620 and the 0.7600 round-figure can entertain AUD/USD sellers during the fresh pullback.

However, any further weakness will have to break a horizontal region comprising lows marked since December 28, around 0.7562-57.

Overall, AUD/USD remains in the consolidation mode and hence short-term sellers are welcomed.

AUD/USD four-hour chart

Trend: Pullback expected

Additional important levels

Overview
Today last price	0.7654
Today Daily Change	20 pips
Today Daily Change %	0.26%
Today daily open	0.7634

Trends
Daily SMA20	0.7714
Daily SMA50	0.773
Daily SMA100	0.7624
Daily SMA200	0.7378

Levels
Previous Daily High	0.7694
Previous Daily Low	0.7614
Previous Weekly High	0.7758
Previous Weekly Low	0.7562
Previous Monthly High	0.8008
Previous Monthly Low	0.7562
Daily Fibonacci 38.2%	0.7644
Daily Fibonacci 61.8%	0.7663
Daily Pivot Point S1	0.7601
Daily Pivot Point S2	0.7568
Daily Pivot Point S3	0.7522
Daily Pivot Point R1	0.7681
Daily Pivot Point R2	0.7727
Daily Pivot Point R3	0.776

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

GBP/USD extends the drop to 1.3360

GBP/USD builds on Monday’s decline and briefly clinches five-day lows near 1.3360 on Tuesday. Cable’s extra pullback follows the better tone in the Greenback as uncertainty in the Middle East prompts investors to adopt a cautious stance. Meanwhile, an apathetic UK labour market report also collaborates with the selling pressure on the British Pound.

EUR/USD stays offered just above 1.1400

EUR/USD keeps the downtrend well in place for yet another day, challenging the 1.1400 contention zone on Tuesday. The continuation of the selling impulse in spot comes amid decent gains in the US Dollar, which continues to find support in the persistent effervescence surrounding the US-Iran crisis.

Middle East crisis intensifies, Gold up

Gold now seems to have embarked on a consolidative phase below the key $4,100 mark per troy ounce in the latter part of Tuesday’s session. Meanwhile, uncertainty surrounding the Middle East conflict and rising expectations for a hawkish Fed policy outlook are expected to limit the precious metal’s bullish momentum in the near term.

XRP rebounds on rising on-chain activity

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

The Iranian war has again risen

The Iranian war has again risen to the top of the economics factor list. There is no end in sight. Intelligence experts say the current level of offense/retaliation will not change minds in Tehran, while in Washington, Trump fears all-out war, which would mean boots on the ground.

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.