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AUD/USD

Australian Dollar / US Dollar

Current Rate

0.6967

Daily Change

+0.00%

Trend

Range

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Technical Overview

AUD/USD is consolidating in a range between 0.6600 and 0.6700. The pair is trading around the middle of this range with no clear directional bias. Moving averages are converging, indicating indecision. Traders should watch for a breakout to establish the next trend direction.

Fundamental Context

The Australian Dollar is heavily influenced by commodity prices (particularly iron ore and coal), Chinese economic growth (Australia's largest trading partner), and Reserve Bank of Australia (RBA) policy. Employment data, inflation figures, and trade balance also impact AUD. The USD side responds to Federal Reserve policy and US economic data.

Key Price Levels

0.6600

Range support - Key level

0.6650

Current price - Range midpoint

0.6700

Range resistance - Psychological level

0.6750

Breakout target if resistance breaks

0.6550

Major support - 2024 low

What to Watch Today

  • Chinese economic data and growth outlook
  • Commodity prices especially iron ore and copper
  • Reserve Bank of Australia interest rate decisions
  • Australian employment and inflation data
  • US Federal Reserve policy announcements
  • Global risk sentiment and trade developments

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