AUDUSD is hovering near 0.6505, struggling to find direction after bouncing off the 0.6410 support zone.
The pair remains capped below 0.6530–0.6550, an area aligning with both the 50-day and 200-day moving averages, showing that momentum remains weak.
On the daily chart, this is a textbook range-trade environment, shallow pullbacks, soft rallies, and no decisive breakout yet.
Zooming out to the weekly chart, AUDUSD is still testing a long-term descending trendline that’s been intact since 2021.
Every attempt to break above it has failed, keeping the broader bearish structure in place.
The next major resistance sits around 0.6820, while key support levels lie at 0.6410 and 0.6170 both historically strong reaction zones.
From a macro angle, softer Chinese demand, a cautious RBA stance, and global risk-off sentiment have all limited the Aussie’s upside.
Meanwhile, the U.S. dollar continues to find support on solid economic data and safe-haven flows, making it harder for AUDUSD to sustain any rally.
My Takeaway:
AUDUSD remains stuck in a tough zone, short-term buyers may defend 0.6410, but the longer-term trendline still holds power.
A breakout above 0.6550–0.6820 would be needed to flip momentum bullish; otherwise, the bias stays mildly bearish toward 0.6360 or even 0.6210 if selling pressure intensifies.