AUD/USD Price Forecast: Gaps open and falls towards floor of range

AUD/USD gaps open on Monday and declines.
The pair is in a sideways range and will probably continue oscillating.
Gaps have a habit of getting filled, suggesting an up leg will eventually develop within the range.

Joaquin Monfort FXStreet

AUD/USD is falling within a range encompassed by the green (ceiling) and red (floor) dashed lines on the chart below.

AUD/USD 4-hour Chart

At the start of trading on Monday the pair opened a gap between between 0.6515 and 0.6524 (green rectangle). It has been selling off ever since.

AUD/USD will probably eventually fill the gap since technical analysis theory says that “the market abhors a gap”. This means gaps do not tend to remain open. When they occur within a sideways market they usually close more quickly.

It is possible the Aussie pair might fall to the region of the range lows in the 0.6440s first before recovering and filling the open gap.

Alternatively it may stop falling before it reaches the bottom of the range and recover. At the moment there are no signs of the selling letting up.

The (blue) Moving Average Convergence Divergence (MACD) indicator has crossed below its red signal line, which is a sell signal and reinforces the case for price falling towards the range lows.

Author

Joaquin Monfort

FXStreet

Joaquin Monfort is a financial writer and analyst with over 10 years experience writing about financial markets and alt data. He holds a degree in Anthropology from London University and a Diploma in Technical analysis.

AUD/USD turns lower toward 0.7000 after mixed Australian jobs data

AUD/USD is losing ground toward 0.7000 in the Asian session on Thursday, following the release of the Australian August jobs report, which showed that the Unemployment Rate rose to 4.6% versus 4.5% expected, while Employment Change beat estimates, arriving at 39.5K. Traders also remain unnerved ahead of the critical Trump-Xi meeting.

USD/JPY keeps the red near 158.00 as Japanese Yen firms up

USD/JPY retreats from three-week highs and holds losses near 158.00 in the Asian session on Thursday. Surging Japanese bond yields lift the Yen amid looming intervention risks, while the US Dollar preserves overnight gains to a two-month high amid hawkish Fed bets and elevated US bond yields.

Gold bounces off lows, still below $4,300

Gold builds on Wednesday’s retracement, briefly slipping back below $4,250 per troy ounce to attempt a lacklustre rebound afterwards. The better tone in the US Dollar, rising US Treasury yields and expectation of extra rate hikes by the Fed continue to weigh on the precious metal in the latter part of Thursday’s NA session.

XRP is flashing three bullish signals heading into a historically weak October

XRP (XRP) is still flashing 3 bullish signals across its holders, derivatives, and ETF data. These signals come as the token gave back part of its September gains on Thursday. The token traded near $1.50 at press time, down about 6.3% over 24 hours, according to BeInCrypto Markets data. The pullback still leaves XRP up over 15.6% on the week, a gain that tracks a broader market rally.

Advanced economies: From one example of resilience to another

History tends to repeat itself in advanced economies. Once again, growth ultimately fell short of expectations by only a small margin in the first half of 2026, despite the conflict in Iran. As early as 2025, the impact of tariffs was less severe than feared.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.