AUDUSD ends another year with negative mode

AUDUSD pulls back from 1-year downtrend line; Strong resistance lines to test before switching the downtrend; RSI and stochastic indicate more losses

XM Group | 962 ngày trước

· AUDUSD pulls back from 1-year downtrend line

· Strong resistance lines to test before switching the downtrend

· RSI and stochastic indicate more losses

As the year 2023 is approaching its conclusion, AUDUSD is continuing the descending movement that started back in February 2021. Currently, the pair is testing the downtrend line, which has been drawn since January and the 50-week simple moving average (SMA).

According to technical oscillators, they are confirming the recent negative movement on price as the RSI is ticking down near the neutral threshold of 50, while the stochastic is ready to post a bearish crossover within its %K and %D lines in the overbought market, suggesting that bears would take the upper hand again in the short-term.

Now should sellers stay in charge, the first obstacle to the downside might be the 0.6520 zone, which has acted both as support and resistance in recent months. If violated, the spotlight would then shift to the one-year low of 0.6265 area, which halted the retreat in October.

In case buyers take control and pierce above the one-year falling trend line, then it may manage to hit the very long-term downtrend line, which overlaps with the 100-week SMA at 0.6790. Moving higher, the 0.6900 psychological mark and the 200-week SMA at 0.7000 could be significant resistance levels to have in mind, changing the outlook to neutral.

Summarizing, the long-term outlook remains clearly negative. A decisive break above 0.7000 is needed to bring that into doubt, although a pullback from the recent descending line would confirm again the current trend.

AUDUSD ends another year with negative mode

XM Group

4.3

392 đánh giá

Loại: Market Maker

Cơ quan quản lý: CySEC (Cyprus), FSC (Belize), DFSA (UAE), FSCA (South Africa), ESCA (UAE)

US Dollar Strengthens as Middle East Tensions and Hawkish Fed Drive Markets | 30th July, 2026

Markets turned risk-averse as renewed Middle East tensions and the Federal Reserve’s hawkish stance boosted the US Dollar. Gold struggled under Dollar strength, while crude oil fell despite geopolitical risks as demand concerns prevailed. The British Pound weakened, and the Australian Dollar traded mixed as investors focused on US economic data, Fed guidance, and geopolitical developments.

Moneta Markets | 2h 48phút trước

AUDUSD Falls as Softer Inflation Reduces RBA Rate Bets

AUDUSD declines after softer Australian inflation reduces RBA rate hike expectations, with traders watching policy outlook, US Dollar strength and key technical levels.

VT Markets | 1 ngày trước

Markets Eye Fed Decision as Softer Dollar Supports Major Currencies | 29th July, 2026

Markets remained cautious ahead of the Federal Reserve’s policy decision, with a softer US Dollar supporting the Euro, British Pound, Canadian Dollar, and Australian Dollar. Weaker Australian inflation strengthened expectations for a more dovish RBA, while investors also watched the PBOC’s Yuan guidance and awaited Fed signals on interest rates and inflation.

Moneta Markets | 1 ngày trước

Bond Yields and Economic Data Drive Diverging Market Trends | 24th July, 2026

Markets showed mixed performance as rising US Treasury yields supported the US Dollar, pressuring the Euro and Australian Dollar despite hawkish ECB signals. Strong UK retail sales boosted Sterling, while WTI crude held its bullish outlook near $90 despite profit-taking. Investors now look to bond yields, central bank guidance, and economic data for the next market direction.

Moneta Markets | 5 ngày trước

Major Currencies Gain as Softer US Dollar Supports FX Markets| 23rd July, 2026

Major currencies rallied as broad US Dollar weakness supported the Euro, British Pound, Swiss Franc, and Australian Dollar despite ongoing Middle East tensions. Investors focused on the ECB policy decision, resilient Australian labor data, and evolving Federal Reserve expectations, while the softer Dollar remained the primary driver of foreign exchange markets.

Moneta Markets | 6 ngày trước

Safe-Haven Demand Grows as Geopolitical Risks Shape Global Markets | 21st July, 2026

Markets stayed defensive as escalating US-Iran tensions and expectations of prolonged Federal Reserve tightening supported the US Dollar. Gold and silver attracted safe-haven demand but faced pressure from higher rates, while the Australian Dollar remained resilient. The Swiss Franc and Japanese Yen showed mixed performance as investors balanced geopolitical risks with interest rate expectations.

Moneta Markets | 8 ngày trước

Weaker Dollar Supports Commodity Currencies Despite Middle East Tensions | 20th July, 2026

The US Dollar softened despite rising Middle East tensions and expectations of prolonged Federal Reserve tightening, allowing commodity-linked currencies and precious metals to recover. Higher oil prices supported the Canadian Dollar, while the Australian Dollar and British Pound also gained on broad Dollar weakness. Markets now await geopolitical developments, economic data, and central bank sign

Moneta Markets | 9 ngày trước

Stronger Dollar Pressures Metals and Currencies as Fed Bets and Geopolitics Align | 17th July, 2026

Markets remained defensive as a stronger US Dollar, fueled by geopolitical tensions and expectations of prolonged Federal Reserve tightening, pressured gold, silver, the Australian Dollar, and the Chinese Yuan. The Swiss Franc traded sideways as competing safe-haven demand balanced price action. Investors now await US economic data, Fed guidance, and geopolitical developments.

Moneta Markets | 12 ngày trước

Review Score

Nền tảng

Định giá

Hỗ trợ khách hàng

Tính năng

EURUSD	1.14499	GBPUSD	1.33494	AUDUSD	0.69591
USDJPY	163.647	USDCAD	1.40592	USDCHF	0.81586