AUD Technical Analysis

The Australian Dollar has a solid fundamental backdrop for now, but external factors continue to bump the currency around. Will AUD/USD take its own path?

Daily price was bounced from 0.6828 Fibo support level to above for 0.7145 resistance to becrossed for the bear market rally to be continuing. Alternatively, the price will be on bearish ranging within the levels.

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The Australian Dollar was boosted by a suddenly hawkish RBA signalling a much higher rate path. If commodities hold up and China loosens up, will AUD/USD go higher?
Daily price was bounced from 200 SMA to below for the primary bearish market condition to be resumed with the possible Fibo target at 0.6828.

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The Australian Dollar has been trading as a barometer of the markets’ recession fears. It may fall in the week ahead as worries about global growth continue to fester.
Daily price is below 200 SMA by trying to break symmentic triangle pattern with support level at 0.68 to below for the primary bearish trend to be continuing. Alternatively, the price may be bounced from support level to above for the secondary ranging to be started.

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The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation. Going into the third quarter, the latest year-on-year headline CPI for the US is 8.6% and 5.1% for Australia.
The weekly AUD/USD price is on ranging near and around 200 SMA for the waiting for the direction of the bullish trend to be resumed (by crossing Fibo level at 0.7211 to above) or the primary bearish trend to be continuing (by crossing Fibo level at 0.6762 to below).

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The Australian Dollar seesawed through the week, with an RBA rate hike and a blistering trade surplus. US Dollar strength keeps AUD/USD low, boosting the domestic economy.
The weekly price is on ranging near and aroud 200 SMA waiting for the direction of the bearish trend to be resumed in case the price breaks 0.6762 support to below or the bullish reversal to be started if the price breaks 0.7282 resistance level.

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A strong close last week sets up AUD/USD for the upcoming data heavy week with focus on the Fed.
The daily price is breaking the bullish triangle pattern to above for the secondary bear market rally to be continuing with the possible daily bullish reversal.

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The Australian Dollar had a whippy week after Chinese stimulus plans were over wrought by a Federal Reserve that got tough talking around a campfire in a ski resort. The daily price is on ranging within Ichimoku cloud waiting for direction of the bearish trend to be started or the bullish reversal to be resumed.

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The Australian Dollar has tanked in the aftermath of a hawkish Federal Reserve and Chinese growth concerns ahead of the RBA meeting. Will higher interest rates boost AUD/USD?
The daily price broke Ichimoku cloud to below for the primary daily bearish reversal: the price is 0.6770 support level for the bearish trend to be continuing or for the secondary ranging market condition to be started.

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The Australian Dollar was unable to gain traction despite a lift in rates from the RBA as the Fed and ECB remain hawkish and Chinese growth is mired in lockdowns.

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The Australian Dollar made a six-month peak last week as the US Dollar continues to weaken with the Fed in focus. Local CPI data is due this week. Will it push AUD/USD higher?

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