AUD/USD Technical Analysis: Upside is likely to remain capped near a support-turned-resistance

Bulls failed to capitalize on Friday’s goodish recovery move.
Weakness below 0.6800 needed to confirm any further slide.

Haresh Menghani FXStreet

The AUD/USD pair struggled to capitalize on the previous session's goodish recovery move and remained depressed through the early European session on Monday.

Given last week's sustained weakness below 100-day SMA, coinciding with over one-month-old ascending trend-line, the bias remains tilted in favour of bearish traders.

Meanwhile, mixed technical indicators on daily/hourly charts warrant some caution before placing any aggressive directional bets despite renewed trade optimism.

Hence, it will be prudent to wait for some follow-through selling below the 0.6800 handle before positioning for any subsequent slide back towards the 0.6770 region.

The downward momentum could further get extended towards challenging the 0.6700 round-figure mark with some intermediate support near the 0.6740-30 region.

On the flip side, the mentioned confluence support, currently near the 0.6835-40 region, now seems to act as immediate resistance and is closely followed by the 0.6875-80 supply zone.

AUD/USD daily chart

AUD/USD

Overview
Today last price	0.6813
Today Daily Change	-0.0003
Today Daily Change %	-0.04
Today daily open	0.6816

Trends
Daily SMA20	0.6859
Daily SMA50	0.6817
Daily SMA100	0.6842
Daily SMA200	0.6939

Levels
Previous Daily High	0.6818
Previous Daily Low	0.678
Previous Weekly High	0.6866
Previous Weekly Low	0.6769
Previous Monthly High	0.693
Previous Monthly Low	0.667
Daily Fibonacci 38.2%	0.6803
Daily Fibonacci 61.8%	0.6795
Daily Pivot Point S1	0.6791
Daily Pivot Point S2	0.6767
Daily Pivot Point S3	0.6753
Daily Pivot Point R1	0.6829
Daily Pivot Point R2	0.6843
Daily Pivot Point R3	0.6867

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

AUD/USD bounces back toward 0.6950 on fresh USD supply

AUD/USD bounces back toward 0.6950 in the Asian session on Friday. The US Dollar retreats from 17-month highs as traders take profits off the table ahead of the all-important US Nonfarm Payrolls report. Meanwhile, the Australian Dollar draws support from reviving expectations of a November interest rate hike amid elevated global yields and inflation risks.

USD/JPY struggles near 158.00 as USD retreats ahead of NFP

USD/JPY is struggling for fresh impetus near 158.00, moving away from the top end of its weekly range in the Asian session on Friday, after hotter-than-expected Tokyo CPI and amid a broad US Dollar retreat. Traders reposition themselves ahead of US Nonfarm Payrolls.

Gold fades the earlier optimism; back below $4,200

Gold could not sustain the post-NFP bull run past the $4,200 mark per troy ounce, receding toward the $4,180 region at the end of the week. The precious metal’s inconclusive price action comes amid fresh selling pressure hurting the US Dollar as investors assess the latest NFP data.

Crypto Today: Bitcoin, Ethereum and XRP gains reinforce bullish outlook

Cryptocurrency prices are broadly recovering on Friday, led by Bitcoin moving above $86,000. Ethereum has reaffirmed its bullish outlook, rising above $2,700 while the immediate area at $2,800 caps upside. Meanwhile, Ripple hovers near $1.54.

Week ahead – Fed minutes in the spotlight amid bond market rout

Energy crisis and soaring bond yields to stay in driver’s seat in quiet week. Fed minutes eyed after drop in October rate hike bets. ISM services PMI and Treasury auctions to be watched too. Canadian employment, Japanese wages and ECB minutes also on tap.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.