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 refreshes all-time highs above $3,000 on escalating geopolitical tensions

Gold refreshes all-time highs above $3,000 on escalating geopolitical tensions

Gold price regains the $3,000 mark early Tuesday, refreshing record highs on intensifying geopolitical Middle East tensions. Israel resumes military operations against Hamas in Gaza after the group rejected US proposals for extending ceasefire. Further US-Iran tensions also add to the latest leg up in the safe-haven Gold. 

Gold News
AUD/USD trades with caution below 0.6400 amid MiIddle East tensions

AUD/USD trades with caution below 0.6400 amid MiIddle East tensions

AUD/USD has paused its upsurge, trading with caution in Tuesday's Asian trading. Traders prefer to stay on the sidelines amid intensifying geopolitical risks in the Middle East, reducing the appeal of the higher-yielding Aussie. Meanwhile, the US Dollar finds its feet due to risk aversion. 

AUD/USD News
USD/JPY sits at two-week high near 149.50 as US Dollar finds demand

USD/JPY sits at two-week high near 149.50 as US Dollar finds demand

USD/JPY sits at two-week high near 149.50 in the Asian session on Tuesday as renewed Middle East geopolitical jitters revive the safe-haven demand for the US Dollar. However, further upside appears elusive amid divergent BoJ-Fed expectations and rising trade tensions. 

USD/JPY News
Canary Capital proposes first-ever Sui ETF following S-1 filing with the SEC

Canary Capital proposes first-ever Sui ETF following S-1 filing with the SEC

SUI saw slight gains on Monday as Canary Capital submitted an S-1 application with the Securities & Exchange Commission to launch a Sui exchange-traded fund. 

Read more
Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme

Five Fundamentals for the week: Fed leads central bank parade as uncertainty remains extreme Premium

Central bank bonanza – perhaps its is not as exciting as comments from the White House, but central banks still have sway. They have a chance to share insights about the impact of tariffs, especially when they come from the world's most powerful central bank, the Fed.  

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