Slobodan Drvenica
Windsor Brokers
AUD/USD
AUD/USD hit new 2024 low and trading near the lowest since Oct 2023 on Thursday, after strong bearish signal was generated on Tuesday’s close below former annual low (0.6348, Aug 5 spike low).
Aussie remains pressured from slower than expected growth of Chinese economy and falling commodity prices, with expectations for Fed’s hawkish cut today to add to negative outlook.
The US central bank is widely expected to cut interest rates by 25 basis points on today’s policy meeting, but markets anticipate that the Fed will significantly downgrade its projections for 2025 (probably to two rate cuts from initially planed four), due to elevated inflation and quite strong economy.
Also, signals that Trump’s administration will fully focus on boosting the US economy, require additional caution, as faster economic growth would fuel inflation and force the central bank to continue monitoring the situation and keep adjusting its policy view.
The pair is on track to register a sustained break of 0.6348 pivot that would open way for attack at 2023 low (0.6270) and probably unmask 2022 low (0.6170) on stronger bearish acceleration.
Firmly bearish daily studies (negative momentum is strengthening, MA’s in full bearish setup with converging 100/200DMA’s on track to form a Death cross) support the notion, with limited upticks on oversold conditions to mark positioning for fresh push higher.
Falling 10DMA (0.6377) should ideally cap, with extended upticks to stall under 0.6430/40 zone (falling 20DMA / former low of Nov 14) to keep larger bears intact.
Res: 0.6348; 0.6377; 0.6440; 0.6465.
Sup: 0.6300; 0.6270; 0.6100; 0.6170.
Interested in AUD/USD technicals? Check out the key levels
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
EUR/USD consolidates gains below 1.1400 on weaker US Dollar
EUR/USD consolidates its recovery gains below 1.1400 in early Europe on Monday. Upbeat risk sentiment on Trump's tairff concession news fails to lift the US Dollar, supporting the pair. US-China trade headlines will continue to dominate ahead of Fedspeak.
GBP/USD climbs above 1.3150 as USD sellers refuse to give up
GBP/USD preserves its bullish momentum and trades above 1.3150 in the European session on Monday. The sustained US Dollar weakness suggests that the path of least resistance for the pair remains to the upside. US-China trade updates remain in focus.
Gold price eases from record high amid positive risk tone; bullish bias remains
Gold price refreshes record high as US-China trade war underpins safe-haven demand. A positive risk tone caps gains for the precious metal amid a slightly overbought daily RSI. US recession fears, Fed rate cut bets, and a bearish USD should support the XAU/USD pair.
TRUMP token leads $906 million in unlocks this week with over $330 million release
According to Tokenomist, 15 altcoins will unlock more than $5 million each in the next 7 days. Wu Blockchain data shows that the total unlocked value exceeds $906 million, of which the TRUMP token will unlock more than $330 million.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.