AUD/USD advances sharply in the FOMC aftermath
AUDUSD had been losing ground since the beginning of March, dropping below its descending 50- and 200-day simple moving averages (SMAs). However, the pair managed to pause its retreat and reverse back higher with some help from the dovish FOMC signals on Wednesday.
Should the advance resume, the price could initially test the March peak of 0.6666. Further upside attempts could then cease at the December 2023 resistance of 0.6689 ahead of the May 2023 high of 0.6817. If that hurdle also fails, the spotlight could turn to the December high of 0.6870.
On the flipside, bearish actions could send the price lower to test the recent resistance of 0.6594, which could serve as support in the future. A violation of that zone could pave the way for 0.6525, a region that provided both support and resistance in recent months. Even lower, the recent deflection point of 0.6503 could curb further declines.
In brief, AUDUSD managed to put an end to its recent slide and reclaim its converging 50- and 200-day SMAs. For the short-term picture to turn bullish though, the pair needs to jump above its March high of 0.6666.
.jpg "AUD/USD advances sharply in the FOMC aftermath")
Fed’s Dovish Tone Weakens Dollar, Lifts Majors | 15th October 2025
Cautious Optimism Emerges Amid Calming US–China Trade Relations | 14th October 2025
Cautious Markets Await FOMC Cluesa | 9th October 2025
Oil Gains Amid Supply Uncertainty and Mixed Data | 8th October 2025
USD Strength Returns as Yen Slides, Metals Ease | 7th October 2025
Metals Slip, Dollar Weakens as US Shutdown Drags On | 3rd October 2025
Markets Tilt Dovish After PCE: Gold, Oil and FX Rally on Fed-Cut Bets | 29th September 2025
