AUD/USD Technical Analysis: Relentless bulls break above 0.7300 figure with 0.7400 target on the horizon

Flavio Tosti Independent Analyst

AUD/USD daily chart

AUD/USD is above the 50 and 100-day simple moving average and the 2018 bear trendline.
Technical indicators are positive suggesting continued bullish momentum.
If bulls keep the momentum the next target is seen at 0.7400 figure. A close above 0.7300 figure on a daily closing basis would be seen as a sign of bullish strength.

AUD/USD 4-hour chart

AUD/USD is trading above the 50, 100 and 200-period simple moving averages (SMA) suggesting strong bullish momentum.
Technical indicators are also at full bullish speed suggesting more up.

AUD/USD 30-minute chart

AUD/USD bulls have printed a clean break above the 0.7300 figure.
A break below 0.7250 would be a warning sign for bulls.

Additional key levels at a glance:

AUD/USD

Overview:
    Last Price: 0.731
    Daily change: 31 pips
    Daily change: 0.426%
    Daily Open: 0.7279
Trends:
    Daily SMA20: 0.7163
    Daily SMA50: 0.7163
    Daily SMA100: 0.7257
    Daily SMA200: 0.7456
Levels:
    Daily High: 0.73
    Daily Low: 0.7226
    Weekly High: 0.7304
    Weekly Low: 0.7183
    Monthly High: 0.724
    Monthly Low: 0.702
    Daily Fibonacci 38.2%: 0.7272
    Daily Fibonacci 61.8%: 0.7255
    Daily Pivot Point S1: 0.7237
    Daily Pivot Point S2: 0.7195
    Daily Pivot Point S3: 0.7164
    Daily Pivot Point R1: 0.7311
    Daily Pivot Point R2: 0.7342
    Daily Pivot Point R3: 0.7384

Author

Flavio Tosti

Independent Analyst

EUR/USD holds gains around 1.1800 amid renewed USD selling

EUR/USD regains positive traction and holds around 1.1800 in the European session, reversing the previous day's modest losses. The pair's uptick is sponsored by the emergence of fresh US Dollar selling, which remains induced by persistent trade-related uncertainties.

GBP/USD strengthens above 1.3500 on softer US Dollar

GBP/USD is posting moderate gains above 1.3500 in European trading on Wednesday. The pair appreciates as the US Dollar meets fresh supply following US President Donald Trump’s first State of the Union address and amid looming tariff uncertainty.

Gold eyes monthly top above $5,200 amid geopolitics, trade jitters

Gold buyers are back in the game, eyeing $5,200 and beyonf on Wednesday after seeing a correction from monthly highs on Tuesday. The US Dollar slips after Trump’s SOTU fails to impress and as AI-driven worries ease. Dovish Fed bets also weigh. Gold looks north so long as the key 61.8% Fibo resistance at $5,142 holds on the daily chart.

Bitcoin, Ethereum and Ripple post cautious recovery amid downside risks

Bitcoin, Ethereum, and Ripple are posting a cautious recovery on Wednesday following a market correction earlier this week. BTC is approaching a key breakdown level, while ETH and XRP are rebounding from crucial support levels.

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.

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.