AUD/USD fades a five-day-old bullish momentum at the highest levels in nearly 16 weeks as markets await more clues to confirm the Fed’s hawkish bias for the July rate hike.
In doing so, the Aussie pair struggles to cheer upbeat employment and inflation data from home, as well as downbeat China statistics during early Thursday. That said, the Aussie pair remains indecisive near 0.6795 as it prods a short-term support line at the latest.
Also read: AUD/USD bounces off daily low on upbeat Australian jobs report, up next Chinese macro data
Technically, an upward-sloping trend line from June 05, near 0.6785 at the latest, restricts immediate AUD/USD downside even as the overbought RSI (14) line signals the pair’s pullback moves.
However, a clear downside break of the stated support line will make the AUD/USD pair vulnerable to declining towards the mid-May swing high of around 0.6710 ahead of targeting the 200-SMA level surrounding 0.6655.
On the other hand, AUD/USD recovery should witness downbeat US data and easing odds of the Fed’s July rate hike to again aim for the key resistance line stretched from mid-April, close to 0.6835.
Following that, a run-up towards the December 2022 peak of around 0.6895 and then to the 0.6900 round figure can’t be ruled out.

Trend: Limited downside expected
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.