AUD/USD Price Analysis: Gravestone Doji, 200-DMA prods bounce off 0.6660 support

AUD/USD ignores the previous day’s bearish candlestick to pare weekly losses.
Repeated failures to cross 200-DMA, steady RSI tease sellers.
Previous resistance line from early February acts as the last defense of Aussie pair buyers.

Anil Panchal FXStreet

AUD/USD picks up bids to refresh intraday high near 0.6690 during early Friday morning. In doing so, the Aussie pair consolidates the weekly losses while bouncing off a two-week-old ascending support line.

As the quote’s latest rebound gains support from the bullish MACD signals, further upside towards the 200-DMA hurdle surrounding 0.6760 can’t be ruled out.

However, Thursday’s “Gravestone Doji” candlestick joins steady RSI (14) to challenge the AUD/USD buyers afterward.

In a case where the Aussie pair remains firmer past 0.6760, the December 2022 peak surrounding 0.6890, quickly followed by the 0.6900 threshold, could challenge the AUD/USD bulls before giving them control.

On the contrary, a downside break of the immediate fortnight-long support line, close to 0.6660 at the latest, isn’t an open invitation to the bears as multiple levels marked in the last four months around 0.6640-30, can challenge the sellers.

It’s worth noting that a downward-sloping previous resistance line from February 02, now support around 0.6575, acts as the last defense of the AUD/USD pair buyers, a break of which could drag the quote towards 2022 bottom surrounding 0.6160.

Overall, AUD/USD remains on the bear’s radar unless providing a clear upside break of 0.6900.

AUD/USD: Daily chart

Trend: Limited recovery expected

Additional important levels

Overview
Today last price	0.6688
Today Daily Change	0.0004
Today Daily Change %	0.06%
Today daily open	0.6684

Trends
Daily SMA20	0.668
Daily SMA50	0.6852
Daily SMA100	0.6791
Daily SMA200	0.6759

Levels
Previous Daily High	0.6756
Previous Daily Low	0.667
Previous Weekly High	0.6725
Previous Weekly Low	0.6579
Previous Monthly High	0.7158
Previous Monthly Low	0.6698
Daily Fibonacci 38.2%	0.6723
Daily Fibonacci 61.8%	0.6703
Daily Pivot Point S1	0.6651
Daily Pivot Point S2	0.6617
Daily Pivot Point S3	0.6565
Daily Pivot Point R1	0.6736
Daily Pivot Point R2	0.6789
Daily Pivot Point R3	0.6822

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.

EUR/USD gains traction to near 1.1800 as tariff uncertainty weighs on US Dollar

The EUR/USD pair holds positive ground around 1.1795 during the early Asian session on Tuesday. The US Dollar weakens against the Euro amid US tariff uncertainty. The release of the US January Producer Price Index report will be in the spotlight later on Friday.

GBP/USD treads water near 1.3500 as BoE-Fed divergence debate stalls

GBP/USD spent Monday spinning in place as market participants await a fresh catalyst to break the pair out of its recent range. The BoE's February hold came with a surprisingly dovish 5-4 split, and UK Consumer Price Index data last week showed inflation easing to 3.0%, reinforcing the case for earlier rate cuts, with most economists now looking to April or March for the next move.

Gold down but not out as key $5,140 support holds

Gold consolidates the advance to monthly top of $5,250 in Tuesday’s Asian trades. The US Dollar finds demand as liquidity returns and risk sentiment recovers, despite US tariffs uncertainty. Gold defends 61.8% Fibo resistance at $5,142 amid the pullback, daily RSI remains bullish.

Top Crypto Losers: BCH, HYPE, PUMP extend losses as Bitcoin drops below $64,000

Altcoins, including Bitcoin Cash, Hyperliquid, and Pump.fun, are leading losses over the last 24 hours as Bitcoin falls below $64,000 on Tuesday. The technical outlook for BCH, HYPE, and PUMP flags downside risk amid broader market selling.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.