AUD/USD Price Analysis: Bears and bulls about to standoff at key 0.6850s

AUD/USD bears are coming in form the resistance in the hour time frame.
Bulls are lurking below the lows and eye an opportunity to balance the books.

Ross J Burland FXStreet

AUD/USD has stalled on the bid and has been making tracks to the downside in the last couple of hours in the hunt for territory below 0.685o lows. The pair needs to get below there or face immediate p[pressures to the upside for the bulls searching for money above 0.6920. The following illustrates the market structure and the developments over the course of this week's template and arrives at a semi-bullish bias for the end of the week.

AUD/USD H1 chart

AUD/USD has been in the hands of the bears throughout the course of this week with 0.6850 standing in the way of the final push lower. However, given the build-up of shorts, this could be an overstretched position in the spot market and it might warrant a sizeable correction to balance the books into the weekend:

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.