AUD/USD Price Analysis: Remains on the defensive around 0.6530

AUD/USD attracts some selling pressure near 0.6530, losing 0.65% for the day.
The pair holds below the 50- and 100-hour EMAs on the four-hour chart.
The initial support level is seen at 0.6525; 0.6560 acts as an immediate resistance level.

Lallalit Srijandorn FXStreet

The AUD/USD pair remains under pressure and trades on a defensive note around the 0.6530 mark heading into the early European session on Tuesday. The prevalent US Dollar buying bias following the hawkish comment from Atlanta Federal Reserve (Fed) Governor Michelle Bowman supports the US Dollar and exerts pressure on AUD/USD. The major pair currently trades around 0.6531, losing 0.65% for the day.

Furthermore, the mixed economic reading from Australia and China joins the headline about geopolitical tension between Japan and China, exerts pressure on the China-proxy Australian Dollar (AUD), and caps the upside in the AUD/USD pair.

From a technical perspective, AUD/USD holds below the 50- and 100-hour Exponential Moving Averages (EMAs) on the four-hour chart, which means further downside looks favourable for the time being.

That said, any intraday pullback below 0.6525 (the lower limit of the Bollinger Band) would expose the next contention level in the 0.6490 area (Low of May 26). Further south, the next stop of the AUD/USD is located at 0.6460 (Low of May 31) and finally at 0.6400 (the confluence of a psychological round figure and the low of Nov 2022).

Looking at the upside, some follow-through buying towards the upper boundary of the Bollinger Band around 0.6560 will see a rally to the next barrier at the 0.6600–0.6610 zone. The mentioned level highlights the confluence of a psychological round figure and a 50-hour EMA. Following that, AUD/USD has room to test the additional upside filter at 0.6655 (the 100-hour EMA) en route to 0.6700 (High of July 31, round figure).

The Relative Strength Index (RSI) stands below 50, challenging the pair’s immediate downside for the time being.

AUD/USD four-hour chart

AUD/USD

Overview
Today last price	0.653
Today Daily Change	-0.0044
Today Daily Change %	-0.67
Today daily open	0.6574

Trends
Daily SMA20	0.6716
Daily SMA50	0.6702
Daily SMA100	0.6688
Daily SMA200	0.6734

Levels
Previous Daily High	0.6593
Previous Daily Low	0.6555
Previous Weekly High	0.674
Previous Weekly Low	0.6514
Previous Monthly High	0.6895
Previous Monthly Low	0.6599
Daily Fibonacci 38.2%	0.6579
Daily Fibonacci 61.8%	0.657
Daily Pivot Point S1	0.6555
Daily Pivot Point S2	0.6536
Daily Pivot Point S3	0.6517
Daily Pivot Point R1	0.6593
Daily Pivot Point R2	0.6612
Daily Pivot Point R3	0.663

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

GBP/USD stays below 1.3400 after soft UK CPI data

GBP/USD struggles to gain traction and stays below 1.3400 in the second half of the day on Wednesday. The UK annual Consumer Price Index (CPI) inflation cooled to 2.6% in June against the market forecast of 2.7%, making it difficult for the British Pound gather recovery momentum. Meanwhile, investors keep a close eye on headlines coming out of the Middle East.

EUR/USD stabilizes near 1.1400 as markets focus on geopolitics

EUR/USD trades in a narrow channel at around 1.1400 on Wednesday. In the absence of high-impact data releases, escalating geopolitical tensions in the Middle East caps the pair's upside. On Thursday, the European Central Bank (ECB) will announce monetary policy decisions.

Gold holds gains above $4,100 undaunted by risk-off markets

Gold extends gains for the fourth consecutive day, standing comfortably above $4,100, unfazed by the risk-off market amid rising tensions in Iran and higher Oil prices. The pair has rallied nearly 2.5% so far this week and is on track for its best weekly performance in more than three months.

Cardano: Short-term recovery lacks retail support

Cardano price edges lower after the 50-day Exponential Moving Average at $1.770 capped two consecutive days of recovery seen earlier this week. ADA futures point to waning retail traction as Open Interest and trading volume decline amid elevated long liquidations. The technical outlook for ADA is bearish, as momentum remains subdued below a resistance trendline near $0.1782.

Chip stocks are more volatile than Oil

I continue to start the day by looking at these two charts: US crude & Kospi. The former is extending gains, trading above $86 per barrel for WTI and $92 per barrel for Brent, while the Kospi is up more than 4.5%, led higher by Korean chipmakers following a similar jump in VanEck's Semiconductor ETF yesterday.

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.