Global Markets
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
S&P 500 — US Large Cap Index
NASDAQ 100 — Tech Growth Index
Dow Jones — Industrial Average
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
AED • EUR • GBP • USD IBANs   |   CROSS BORDER FX   |   LOCAL CURRENCIES   |   GLOBAL COVERAGE
AudTechnical AnalysisUSD

AUD/USD Price Flirts with 200-SMA on H4, just above mid-0.7100s amid weaker USD

  • AUD/USD kicks off the new week on a positive note as US-Iran deal hopes weigh on the USD.
  • Bets for a rate hike by the Fed in 2026 could limit deeper USD losses and cap gains for the pair.
  • The technical setup warrants some caution before positioning for a further appreciating move.

The AUD/USD pair opens with a modest bullish gap at the start of a new week and sticks to intraday gains above mid-0.7100s through the Asian session. The latest optimism over a potential US-Iran peace deal undermines the safe-haven US Dollar (USD) and assists spot prices to move away from the lowest level since April 14, touched last week.

However, the US and Iran remained at odds over key issues, including blockades on the Strait of Hormuz and Tehran’s nuclear program, keeping a lid on the market optimism. This, along with bets that the US Federal Reserve (Fed) will hike interest rates by the end of this year, should help limit deeper USD losses and cap further gains for the AUD/USD pair.

From a technical perspective, spot prices now seem to have found acceptance above the 38.2% Fibonacci retracement level of the recent corrective pullback from the vicinity of the highest level since June 2022, touched earlier this month. Bulls now await a move beyond the 200-period Simple Moving Average (SMA) on the 4-hour chart before placing fresh bets.

Meanwhile, a mildly positive Relative Strength Index near 58 and a gently positive Moving Average Convergence Divergence (MACD) suggest upside momentum is building. However, price action remains finely balanced, making it prudent to wait for some follow-through buying beyond this key moving average before positioning for any further appreciation.

The subsequent move up is likely to confront immediate resistance at the 50.0% retracement near 0.7175, which is followed by the 61.8% level at 0.7197, with higher hurdles seen at 0.7230 and 0.7270. On the downside, a break below the 38.2% retracement at 0.7152 would expose the 23.6% level at 0.7124, ahead of the stronger structural support around 0.7079.

(The technical analysis of this story was written with the help of an AI tool.)

AUD/USD 4-hour chart

Chart Analysis AUD/USD

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Canadian Dollar.

USDEURGBPJPYCADAUDNZDCHF
USD-0.31%-0.36%-0.21%-0.13%-0.46%-0.44%-0.31%
EUR0.31%-0.06%0.11%0.17%-0.16%-0.13%-0.02%
GBP0.36%0.06%0.17%0.23%-0.11%-0.06%0.03%
JPY0.21%-0.11%-0.17%0.08%-0.29%-0.26%-0.16%
CAD0.13%-0.17%-0.23%-0.08%-0.35%-0.32%-0.22%
AUD0.46%0.16%0.11%0.29%0.35%0.03%0.14%
NZD0.44%0.13%0.06%0.26%0.32%-0.03%0.10%
CHF0.31%0.02%-0.03%0.16%0.22%-0.14%-0.10%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

Register a Revolut Business Account
```

Market Analysis & Disclaimer

The market information, analysis, commentary, forecasts and opinions contained in this publication are provided by Octalas Group Ltd on behalf of Today Markets and Currency Hedger using information and data obtained from sources believed to be reliable. However, Octalas Group Ltd, Today Markets and Currency Hedger do not warrant or guarantee the accuracy, completeness or timeliness of the information presented and accept no responsibility for any loss or damage arising from reliance upon information contained herein, to the extent permitted by applicable law.

Market forecasts, expectations and opinions are based on analysis of available information and a number of assumptions regarding economic, financial, political and market conditions. Such assumptions may prove to be incorrect, and actual market developments may differ materially from those described or anticipated.

Nothing contained in this publication constitutes investment advice, financial advice, a personal recommendation, an offer, solicitation or invitation to buy, sell or otherwise transact in any financial instrument or investment product. The information is provided for general informational and educational purposes only and does not take into account the investment objectives, financial situation, experience or particular circumstances of any individual reader.

Past performance is not indicative of future results. Financial markets, including foreign exchange, commodities, equities, derivatives and other financial instruments, involve risk and prices can move rapidly. Readers should conduct their own independent research and, where appropriate, obtain advice from an appropriately authorised financial professional before making any investment or trading decision.

Where this publication refers to Today Markets, it represents market news, research, analysis and commentary published for informational purposes. Where Currency Hedger is referenced, it represents commentary concerning foreign exchange, currency exposure, international payments and hedging-related topics. References to particular financial instruments, markets, companies, currencies or commodities should not be interpreted as a recommendation to transact in them.

Octalas Group Ltd, Today Markets and Currency Hedger may have commercial interests or relationships with businesses, financial-service providers, technology providers or other market participants mentioned in their publications. Where relevant, such relationships or interests may create potential conflicts of interest. Appropriate measures are intended to be taken to ensure that published analysis and commentary are presented objectively and that commercial considerations do not determine the substance of market analysis.

The views expressed in this publication are those of the author or contributors at the time of publication and may change without notice as market conditions develop. Readers should not assume that any information contained herein has been updated following publication.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button