AUD/USD Price Analysis: Recovery approaches 0.6800 but bears remain hopeful

AUD/USD picks up bids to extend the previous day’s rebound from two-month-old support.
Impending bull cross on the MACD hints at further upside momentum.
Monthly resistance line, 50-DMA restricts short-term advances, bears could aim for 0.6530 support confluence.

Anil Panchal FXStreet

AUD/USD prints a two-day rebound from an upward sloping support line from July, grinding higher around 0.6760 during early Thursday morning in Europe.

The Aussie pair’s latest recovery also takes clues from the firmer MACD signals to keep buyers hopeful.

However, the 0.6800 threshold and the monthly descending resistance line near 0.6830 could challenge the AUD/USD bulls before directing them to the 50-DMA hurdle surrounding 0.6890.

Should the quote manages to stay firmer past the 50-DMA, the late August swing high near 0.7010 and the previous monthly peak of 0.7136 will gain the buyer’s attention.

On the contrary, pullback moves may have to conquer the aforementioned support line, as well as the yearly low, respectively around 0.6710 and 0.6680, to convince AUD/USD bears.

Following that, a south-run towards the four-month-old downward sloping support line and the 61.8% Fibonacci Expansion (FE) of April-August moves, near 0.6530, can’t be ruled out.

To sum up, AUD/USD is likely to witness short-term upside moves but the overall bearish trend remains intact.

AUD/USD: Daily chart

Trend: Limited recovery expected

Additional important levels

Overview
Today last price	0.6761
Today Daily Change	0.0012
Today Daily Change %	0.18%
Today daily open	0.6749

Trends
Daily SMA20	0.6844
Daily SMA50	0.6894
Daily SMA100	0.6959
Daily SMA200	0.7111

Levels
Previous Daily High	0.676
Previous Daily Low	0.6705
Previous Weekly High	0.6877
Previous Weekly Low	0.6699
Previous Monthly High	0.7137
Previous Monthly Low	0.6835
Daily Fibonacci 38.2%	0.6739
Daily Fibonacci 61.8%	0.6726
Daily Pivot Point S1	0.6716
Daily Pivot Point S2	0.6683
Daily Pivot Point S3	0.6661
Daily Pivot Point R1	0.6771
Daily Pivot Point R2	0.6793
Daily Pivot Point R3	0.6826

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD weakens to near 1.3300 as geopolitical risks bolster US Dollar

The GBP/USD pair attracts some sellers to around 1.3310 during the early European session on Wednesday. Escalating conflict in the Middle East triggers a "flight to safety," supporting the US Dollar against the Pound Sterling. Traders will take more cues from the US ADP Employment and ISM Services Purchasing Managers Index reports, which are due later on Wednesday.

Gold sticks to intraday gains above $5,150; upside seems limited amid bullish USD

Gold preserves its modest intraday gains through the Asian session on Wednesday and currently trades just above the $5,150 level, up around 1.30% for the day. Investors remain concerned about a prolonged conflict in the Middle East and its impact on the global economy amid an already uncertain environment.

Bitcoin, Ethereum and Ripple struggle for direction as consolidation persists

Bitcoin, Ethereum and Ripple prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market. BTC remains within a parallel channel, ETH struggles below key resistance, while XRP remains fragile within a descending channel. These top three cryptocurrencies by market capitalization continue to struggle to establish a directional bias amid the consolidation phase.

When rates start driving the bus through a war zone

The volatility regime itself is also changing character. EM carry trades thrive in calm markets. They suffocate in environments that resemble Buckaroo Banzai trading conditions, where headlines move faster than models. That is exactly the world investors are now trying to recalibrate to. Euro rate volatility had been remarkably subdued even while equities were wobbling. That stability is now being questioned, and once volatility leaks into rates it rarely stays contained. Indeed, carry trades love calm seas. War turns the ocean into white water.

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.