- The Aud/USD pair remains close to the bottom of its daily range, reflecting a cautious feeling in mixed technical signals.
- The US inflation data and the discussions on monetary policy between the US and South Korea continue to weigh on the US dollar in general.
- Key technical levels include support around 0.6420 and resistance about 0.6459, with Momentum indicators reflecting a neutral bias.
The Aud/USD torque is negotiating near the lower end of its daily range, reflecting a mixed technical perspective. The US dollar index (DXY), which tracks the performance of the US dollar (USD) compared to six main currencies, has fallen to the 100.60 area, pressured by weak inflation data in the US and speculations about a possible moderate change of the Federal Reserve (Fed). American officials have recently minimized speculation about a deliberate strategy of weakening of the dollar, but concerns persist since commercial discussions with South Korea suggest space for stronger local currencies. This uncertainty has contributed to the general weakness of the US dollar, affecting pairs such as the AUD/USD.
Technical analysis
From a technical point of view, the aud/USD maintains a mixed perspective. The Relative Force Index (RSI) is located in the 50s, indicating a neutral momentum, while the indicator of convergence/divergence of mobile socks (MacD) indicates a bearish momentum. The rapid stochastic RSI (3, 3, 14, 14) and the stochastic K – %(14, 3, 3) also reflect neutral conditions, with both indicators located at 30 and 40, respectively. Meanwhile, simple mobile socks (SMA) of 20 days and 100 days provide purchase signals, in contrast to the bassist perspective of the 200 -day SMA. The exponential mobile socks (EMA) of 10 days and 30 days reinforce this division, aligning with the upward feeling in the short term but in conflict with the longest perspective.
The support levels are observed around 0.6420, 0.6415 and 0.6413, while the resistance is about 0.6430 and 0.6459, suggesting that the torque is currently trapped in a narrow range. A rupture above the level of 0.6459 could confirm a renewed Momentum Alcista, while a fall below 0.6413 could indicate a deeper correction.
Daily graph
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
