|

AUD/USD Price Analysis: Sellers on the move around mid-0.7300s

  • AUD/USD fails to extend Friday’s recovery, refreshes intraday low.
  • Inability to cross 0.7380-85 resistance confluence joins upbeat Momentum to keep sellers hopeful.
  • Monthly support line on the bears’ radar, five-week-old horizontal resistance offers extra hurdle to the north.

AUD/USD takes offers around 0.7355, down 0.16% intraday, during Monday morning in Asia.

The Aussie pair defies the previous day’s recovery moves while declining back below the 0.7380-85 resistance convergence, comprising 21-day EMA and a monthly falling trend line.

Given the strong Momentum line backing the downside moves, AUD/USD sellers have higher hopes to extend the pair’s latest fall.

In doing so, an ascending support line from July 21, near 0.7320, gains immediate attention ahead of the 0.7300 threshold.  However, July low, also the yearly bottom, near 0.7290-85 will be the key level to watch afterward.

Meanwhile, recovery moves need to stay beyond 0.7385 to regain the 0.7400 round figure. Though, AUD/USD bulls may remain skeptical unless witnessing a daily closing beyond 0.7410, encompassing an upper line of a horizontal area established since July 09.

Overall, AUD/USD remains in the bearish consolidation with China's data dump in focus.

Read: AUD/USD: Recovery remains capped below 0.7400, China data dump eyed

AUD/USD: Daily chart

Trend: Further weakness expected

Additional important levels

Overview
Today last price0.7358
Today Daily Change-0.0011
Today Daily Change %-0.15%
Today daily open0.7369
 
Trends
Daily SMA200.7365
Daily SMA500.7482
Daily SMA1000.7602
Daily SMA2000.7611
 
Levels
Previous Daily High0.7383
Previous Daily Low0.7332
Previous Weekly High0.739
Previous Weekly Low0.7315
Previous Monthly High0.7599
Previous Monthly Low0.7288
Daily Fibonacci 38.2%0.7364
Daily Fibonacci 61.8%0.7351
Daily Pivot Point S10.734
Daily Pivot Point S20.731
Daily Pivot Point S30.7289
Daily Pivot Point R10.7391
Daily Pivot Point R20.7412
Daily Pivot Point R30.7442

Author

Anil Panchal

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.

More from Anil Panchal
Share:

Editor's Picks

EUR/USD looks apathetic around 1.1770

EUR/USD comes under renewed pressure on Tuesday, deflating below the 1.1800 support and reversing two consecutive days of gains. The pair’s decline follows the persistent move higher in the US Dollar, as trade uncertainty dominates the sentiment ahead of President Trump’s SOTU speech.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.