- AUD/USD pares the biggest daily loss in a week amid sluggish markets, retreats from daily high of late.
- Bearish MACD signals, steady RSI suggests a continuation of downtrend.
- Six-week-old descending resistance line, 100-SMA restrict immediate upside.
- Aussie bulls remain confused below 200-SMA; one-week-long horizontal support puts a floor under the prices.
AUD/USD struggles to keep the daily gains around 0.6620 as it consolidates the biggest slump in a week during Thursday’s sluggish morning in Europe, after a volatile Wednesday that rocked markets with a risk-off mood.
In doing so, the Aussie pair justifies the bearish MACD signals and RSI (14) line, as well as the repeated failures to cross a 1.5-month-long resistance line and the 100-SMA, to tease the intraday sellers.
However, an area comprising multiple lows marked since March 07, between 0.6565 and 0.6575, appears a tough nut to crack for the AUD/USD bears.
Also acting as the downside filters are the tops marked during October 2022 around 0.6545 and 0.6520.
On the contrary, the aforementioned resistance and the 100-SMA, respectively near 0.6690 and 0.6705, restrict short-term AUD/USD advances amid downbeat oscillators.
Even if the AUD/USD bulls manage to cross the 0.6705 hurdle, the monthly high near 0.6785 and the 0.6800 round figure will precede the 200-SMA resistance of around 0.6830 to challenge the risk-barometer pair’s further upside.
To sum up, AUD/UDS is likely to remain bearish but the road towards the south appears bumpy.
AUD/USD: Four-hour chart
Trend: Further downside expected
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks

EUR/USD retests daily lows near 1.0850 on softer US PPI
EUR/USD remains on the defensive against the backdrop of another positive day in the US Dollar, always amid intense tariff jitters and weaker-than-expected US Producer Prices in February.

Gold looks bid and trades close to $2,950
Gold extends its winning streak, moving toward the $2,950 mark after notching gains over the past two sessions. Heightened fears of an economic downturn, spurred by escalating trade tensions, have fueled a risk-off environment—further boosting the allure of the precious metal as a safe-haven asset.

GBP/USD remains offered near 1.2940 on USD buying
The continuation of the buying interest in the Greenback keeps the risk complex under pressure, motivating GBP/USD to recede to the 1.2940 region and reverse two consecutive days of gains for the time being.

Metaverse narrative stalls as price action fades, but on-chain data signals continuing accumulation
Metaverse tokens are cryptocurrencies associated with virtual worlds, digital economies, and immersive online experiences. Tokens like Sandbox, Decentraland, and Axie Infinity, three of the most prominent assets during the Metaverse boom of 2021, continue to face correction since they topped in early December.

Brexit revisited: Why closer UK-EU ties won’t lessen Britain’s squeezed public finances
The UK government desperately needs higher economic growth as it grapples with spending cuts and potential tax rises later this year. A reset of UK-EU economic ties would help, and sweeping changes are becoming more likely.

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.