AUD/USD Price Analysis: Inches closer to 0.7700 on Wednesday’s bearish Doji

AUD/USD justifies the previous day’s bearish candlestick to trim weekly gains.
21-day, 50-day SMA add filters to the moves amid downbeat MACD.
Monthly horizontal support becomes the key level to watch during heavy losses.

Anil Panchal FXStreet

AUD/USD refreshes intraday low with 0.7736, down 0.20% on a day, while posting the heaviest losses in a week during Wednesday’s Asian session. In doing so, the Aussie pair takes bearish clues from Thursday multiple catalysts suggesting further weakness in the prices.

Among them, the bearish Doji below 21-day SMA and failures to cross a three-week-old falling trend line takes the first place. The downbeat Momentum line adds to the bearish outlook.

However, a 50-day SMA near 0.7720 could test the intraday selling of AUD/USD ahead of directing them to an important horizontal line stretched from early May around 0.7675.

Meanwhile, AUD/USD bulls need a clear upside break of 0.7775 for the 0.7800 threshold and May 18 top near 0.7815.

In a case where the quote remains bullish after 0.7815, the previous monthly peak of 0.7892 and the 0.7900 round figure will be in focus.

Overall, AUD/USD remains inside a short-term descending triangle with a bearish bias for immediate moves.

AUD/USD daily chart

Trend: Further weakness expected

Additional important levels

Overview
Today last price	0.7739
Today Daily Change	-15 pips
Today Daily Change %	-0.19%
Today daily open	0.7754

Trends
Daily SMA20	0.7763
Daily SMA50	0.7719
Daily SMA100	0.7728
Daily SMA200	0.7532

Levels
Previous Daily High	0.7774
Previous Daily Low	0.7714
Previous Weekly High	0.7797
Previous Weekly Low	0.7677
Previous Monthly High	0.7892
Previous Monthly Low	0.7674
Daily Fibonacci 38.2%	0.7737
Daily Fibonacci 61.8%	0.7751
Daily Pivot Point S1	0.7721
Daily Pivot Point S2	0.7688
Daily Pivot Point S3	0.7662
Daily Pivot Point R1	0.778
Daily Pivot Point R2	0.7807
Daily Pivot Point R3	0.7839

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 remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD weakens to near 1.3300 as geopolitical risks bolster US Dollar

The GBP/USD pair attracts some sellers to around 1.3310 during the early European session on Wednesday. Escalating conflict in the Middle East triggers a "flight to safety," supporting the US Dollar against the Pound Sterling. Traders will take more cues from the US ADP Employment and ISM Services Purchasing Managers Index reports, which are due later on Wednesday.

Gold sticks to intraday gains above $5,150; upside seems limited amid bullish USD

Gold preserves its modest intraday gains through the Asian session on Wednesday and currently trades just above the $5,150 level, up around 1.30% for the day. Investors remain concerned about a prolonged conflict in the Middle East and its impact on the global economy amid an already uncertain environment.

Bitcoin, Ethereum and Ripple struggle for direction as consolidation persists

Bitcoin, Ethereum and Ripple prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market. BTC remains within a parallel channel, ETH struggles below key resistance, while XRP remains fragile within a descending channel. These top three cryptocurrencies by market capitalization continue to struggle to establish a directional bias amid the consolidation phase.

When rates start driving the bus through a war zone

The volatility regime itself is also changing character. EM carry trades thrive in calm markets. They suffocate in environments that resemble Buckaroo Banzai trading conditions, where headlines move faster than models. That is exactly the world investors are now trying to recalibrate to. Euro rate volatility had been remarkably subdued even while equities were wobbling. That stability is now being questioned, and once volatility leaks into rates it rarely stays contained. Indeed, carry trades love calm seas. War turns the ocean into white water.

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.