AUD/USD rebounds modestly from 2021 lows, stays calm around 0.7550

  • AUD/USD fell to a fresh 2021 low on Friday.
  • US Dollar Index stays in a consolidation phase a little below 92.00.
  • AUD/USD is down more than 2% on a weekly basis.

The AUD/USD pair came under strong bearish pressure in the second half of the week and suffered heavy losses on Wednesday and Thursday despite the upbeat Australian jobs report.

During the Asian trading hours on Friday, the pair extended its slide and touched its lowest level of 2021 at 0.7511 before staging a rebound. As of writing, the pair was down 0.1% on the day at 0.7543. In the absence of fundamental drivers, the pair's recent rebound seems to be a technical correction of the latest decline. On a weekly basis, AUD/USD remains on track to lose more than 2%.

DXY holds below 92.00

The broad-based USD strength on the back of the hawkish shift witnessed in the FOMC's Summary of Economic Projections continues to dominate the markets ahead of the weekend.

The US Dollar Index (DXY), which tracks the greenback's performance against a basket of six major currencies, touched its highest level in more than two months at 92.07 earlier in the day but seems to have gone into a consolidation phase. Currently, the DXY is flat at 91.90.

There won't be any high-tier macroeconomic data releases featured in the US economic docket on Friday and AUD/USD is likely to continue to fluctuate in a tight range around 2021 lows.

Technical levels to watch for


Today last price 0.7541
Today Daily Change -0.0012
Today Daily Change % -0.16
Today daily open 0.7553
Daily SMA20 0.7716
Daily SMA50 0.7735
Daily SMA100 0.7725
Daily SMA200 0.7554
Previous Daily High 0.7647
Previous Daily Low 0.7539
Previous Weekly High 0.7794
Previous Weekly Low 0.7687
Previous Monthly High 0.7892
Previous Monthly Low 0.7674
Daily Fibonacci 38.2% 0.758
Daily Fibonacci 61.8% 0.7606
Daily Pivot Point S1 0.7512
Daily Pivot Point S2 0.7472
Daily Pivot Point S3 0.7405
Daily Pivot Point R1 0.762
Daily Pivot Point R2 0.7687
Daily Pivot Point R3 0.7728



Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD recoups 1.1800 mark amid USD weakness

EUR/USD prints minor gains on Tuesday’s morning Asian session. The pair opened higher and moved in a narrow trade band with 15 pips movement. The Euro continues to trade in a range bound manner for the past two weeks.


GBP/USD edges higher past 1.3800 as covid optimism battles Brexit woes

GBP/USD seesaws around 1.3820, following the heaviest daily run-up in a week, amid Tuesday’s Asian session. The cable pair benefited from the latest reduction in the coronavirus numbers at home, as well as the broad softening of the US dollar, the previous day.


EUR/USD recoups 1.1800 mark amid USD weakness

EUR/USD prints minor gains on Tuesday’s morning Asian session. The pair opened higher and moved in a narrow trade band with 15 pips movement. The Euro continues to trade in a range bound manner for the past two weeks.


SafeMoon price nears lift-off, as SAFEMOON possesses the conditions for a big move

Safemoon price has been coiling within a descending triangle pattern since the May crash, highlighted by no sustainable rallies and continuous support along the May 19 low of $0.00000261. The downward trajectory has kept SAFEMOON investors on the defensive.

Read more

FX: 10 things to watch this week

Taking a look at the economic calendar, it is set to be a busy week for the forex market. There’s a central bank rate decision, GDP, inflation and employment reports scheduled for release. A number of big tech companies have ...

Read more