AUD/USD Price Analysis: Bounces off 10-DMA to welcome buyers near 0.6400 ahead of RBA


  • AUD/USD picks up bids to pare short-term losses.
  • Firmer oscillators back the recent bounce off nearby crucial DMAs, 13-day-old ascending trend line adds to the downside filter.
  • Buyers need validation from a downward-sloping resistance line from mid-August.

AUD/USD bulls return to the table, after a three-day absence, as the Aussie pair prints the first daily gains around 0.6410 ahead of Tuesday’s monetary policy announcements from the Reserve Bank of Australia (RBA).

Also read: AUDUSD: The Aussie Dollar hovers around 0.6400 ahead of the RBA and the Fed decisions

In doing so, the AUD/USD prices rebound from a 10-DMA support, around 0.6380 at the latest. Also supporting the quote’s recovery are the bullish MACD signals and the steady RSI.

However, the upside room appears limited as a descending resistance line from mid-August, close to 0.6490, could challenge the bulls. Following that, the previous week’s peak of 0.6522 and 38.2% Fibonacci retracement level of August-October declines, near 0.6540, will be crucial to cross for the AUD/USD pair buyers to keep the reins.

Alternatively, a downside break of the 10-DMA support near 0.6380 isn’t a sure signal for the bear’s return as a convergence of the 21-DMA and a two-week-long support line, close to 0.6355, will be a tough nut to crack for the AUD/USD sellers before retaking the control.

Even if the quote breaks 0.6355 support, multiple supports around 0.6350, 0.6280 and 0.6230 could challenge the pair’s further downside.

AUD/USD: Daily chart

Trend: Limited recovery expected

Additional important levels

Overview
Today last price 0.6406
Today Daily Change 0.0008
Today Daily Change % 0.13%
Today daily open 0.6398
 
Trends
Daily SMA20 0.6355
Daily SMA50 0.6576
Daily SMA100 0.6747
Daily SMA200 0.6986
 
Levels
Previous Daily High 0.6428
Previous Daily Low 0.6368
Previous Weekly High 0.6522
Previous Weekly Low 0.6272
Previous Monthly High 0.6548
Previous Monthly Low 0.617
Daily Fibonacci 38.2% 0.6391
Daily Fibonacci 61.8% 0.6405
Daily Pivot Point S1 0.6368
Daily Pivot Point S2 0.6338
Daily Pivot Point S3 0.6308
Daily Pivot Point R1 0.6428
Daily Pivot Point R2 0.6458
Daily Pivot Point R3 0.6488

 

 

Share: Feed news

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


Recommended content

Editors’ Picks

Gold gives away some gains, slips back to $2,980

Gold gives away some gains, slips back to $2,980

Gold retraced from its earlier all-time highs above the key $3,000 mark on Friday, finding a footing around $2,980 per troy ounce. Profit-taking, rising US yields, and a shift to a risk-on environment seem to be putting the brakes on further gains for the metal.

Gold News
EUR/USD remains firm and near the 1.0900 barrier

EUR/USD remains firm and near the 1.0900 barrier

EUR/USD is finding its footing and trading comfortably in positive territory as the week wraps up, shaking off two consecutive daily pullbacks and setting its sights back on the pivotal 1.0900 mark—and beyond.

EUR/USD News
GBP/USD remains depressed, treads water in the low-1.2900s

GBP/USD remains depressed, treads water in the low-1.2900s

GBP/USD is holding steady in consolidation territory after Friday’s opening bell on Wall Street, hovering in the low-1.2900 range. This resilience comes despite disappointing UK data and persistent selling pressure on the USD.

GBP/USD News
Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound

Crypto Today: BNB, OKB, BGB tokens rally as BTC, Shiba Inu and Chainlink lead market rebound

Cryptocurrencies sector rose by 0.13% in early European trading on Friday, adding $352 million in aggregate valuation. With BNB, OKB and BGB attracting demand amid intense market volatility, the exchange-based native tokens sector added $1.9 billion.

Read more
Week ahead – Central banks in focus amid trade war turmoil

Week ahead – Central banks in focus amid trade war turmoil

Fed decides on policy amid recession fears. Yen traders lock gaze on BoJ for hike signals. SNB seen cutting interest rates by another 25bps. BoE to stand pat after February’s dovish cut.

Read more
The Best brokers to trade EUR/USD

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.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025