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Technical Analysis Posted 4 hours ago

AUD/USD Stabilizes Amid Mixed Data; August RBA Hike Still Possible

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AUD/USD recovered from sharp weekly selloff as mixed Australian economic data kept rate-hike expectations alive. Strong inflation, employment, and spending figures support potential RBA tightening in August, offsetting earlier oil-shock concerns. Neutral bias with upside bias if data persistence supports hawkish central bank action. Monitor upcoming RBA communications for guidance.
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2 hours ago

AUD/USD: Consolidation Phase with 0.6977 Key Resistance Level

AUD/USD enters consolidation after recovery attempts, capped by 0.6977 resistance. A break below 0.6881 temporary low will resume the downtrend toward 0.6832 support, targeting 0.6756 Fibonacci level. Daily MACD bearish divergence suggests further weakness ahead. Traders should watch for support breakdown confirmation.

https://www.actionforex.com/technical-outlook/audusd-outlook/645171-aud-usd-daily-report-1691/
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@asuquokelvin · 1 hour ago

AUD/USD is finding support from solid Australian data. Further gains may depend on RBA signals.

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