AUD/USD Price Analysis: Sees establishment above the 0.6900-0.6923 supple zone

Stability above the supply zone placed in a 0.6900-0.6923 range will accelerate the upside momentum.
The upward sloping trendline placed from July 14 low at 0.6680 will act as major support ahead.
A range shift to 60.00-80.00 by the RSI (14) signals more gains ahead.

Sagar Dua FXStreet

The AUD/USD pair has given an upside break of the consolidation formed in a range of 0.6883-0.6913 in the late New York session on Tuesday. The asset has refreshed its July high at 0.6927 and is aiming for more upside amid a weaker US dollar index (DXY).

Aussie bulls have tested the critical supply zone that is placed in a narrow range of 0.6900-0.6923. The asset may attempt to establish above the same in order to shift its auction profile higher. The upward sloping trendline placed from July 14 low at 0.6680, adjoining July 15 low at 0.6734 will act as key support for the counter.

The 50- and 200-period Exponential Moving Averages (EMAs) at .6864 and 0.6818 respectively are scaling higher, which adds to the upside filters.

Also, the Relative Strength Index (RSI) (14) is oscillating in a bullish range of 60.00-80.00, which indicates that the bullish momentum will continue further.

Should the asset correct minutely to Tuesday’s high at 0.6913, bargain buyers will initiate significant longs which will drive the asset towards June 28 high at 0.6965. A breach of the latter will send the major towards the psychological resistance at 0.7000.

A steep fall below the round-level support of 0.6800 will strengthen the greenback bulls. This may decline the pair towards July 13 low at 0.6724, followed by July 14 low at 0.6680.

AUD/USD hourly chart

AUD/USD

Overview
Today last price	0.692
Today Daily Change	0.0023
Today Daily Change %	0.33
Today daily open	0.6897

Trends
Daily SMA20	0.6844
Daily SMA50	0.6975
Daily SMA100	0.7152
Daily SMA200	0.7195

Levels
Previous Daily High	0.6913
Previous Daily Low	0.6802
Previous Weekly High	0.69
Previous Weekly Low	0.668
Previous Monthly High	0.7283
Previous Monthly Low	0.685
Daily Fibonacci 38.2%	0.687
Daily Fibonacci 61.8%	0.6844
Daily Pivot Point S1	0.6828
Daily Pivot Point S2	0.6759
Daily Pivot Point S3	0.6716
Daily Pivot Point R1	0.6939
Daily Pivot Point R2	0.6982
Daily Pivot Point R3	0.7051

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

EUR/USD shifts its attention to 1.1900 and above

EUR/USD has shaken off Tuesday’s dip, pushing back beyond the 1.1800 mark amid decent gains as Wednesday’s session draws to a close. The rebound is largely driven by a modest pullback in the US Dollar, as markets digest the aftermath of President Trump’s SOTU speech and continue to monitor trade-related headlines and signals from the White House.

GBP/USD challenges multi-day highs near 1.3530

GBP/USD leaves behind the previous day’s decline and regains fresh upside traction on Wednesday, surpassing the 1.3500 barrier in a context of a modest decline in the Greenback and a generalised improved mood in the risk-linked space. Meanwhile, the US tariff narrative continues to dictate the mood among market participants after Presidet Trump’s SOTU speech failed to surprise markets.

Gold remains bid and close to $5,200

Gold buyers are returning to the fold on Wednesday, targeting the $5,200 area and possibly beyond, after Tuesday’s corrective dip from monthly highs. The rebound in the precious metal comes as the US Dollar loses traction, with Trump’s SOTU speech offering little fresh direction and AI-related nerves continuing to ease.

UK financial watchdog advances stablecoin oversight as four firms pilot issuance

The Financial Conduct Authority (FCA) in the United Kingdom (UK) is advancing toward the final stablecoin regulatory framework with a pilot program involving four companies, including Monee, Financial Technologies ReStabilise, Revolut and VVTX.

Nvidia earnings to influence AI trade and broader market sentiment

For the last three years, Nvidia has been the engine of the AI boom, and now Wall Street is watching to see whether that momentum can keep going. High-growth stocks have been struggling to maintain their bullish trend in 2026.

Cosmos Hub Price Forecast: ATOM rebounds slightly, bearish outlook remains intact

Cosmos Hub (ATOM) price rebounds, trading above $2.05 at the time of writing on Wednesday, after undergoing a sharp correction since last week. Weakening on-chain and derivatives data support a bearish outlook, while technical analysis remains unfavorable.