AUD/USD forecast for today by Traders Union analysts
The AUD/USD currency pair is one of the major pairs for trading in the Forex market. This is due to it being popular among investors and traders. Traders Union analysts prepare the AUD/USD price prediction for today and each trading day so that you could monitor the AUD/USD price chart online. The price prediction is based on the technical analysis of the Forex market.
AUD/USD is bought again from 0.6490 support
26.04.2024
The decline of the Australian dollar from 0.6535 resistance was halted by buying interest at the 0.6490 level, after which the Australian dollar is again approaching resistance, increasing the chances of its breakout and a growth toward 0.6560-0.6580.
AUD/USD is under moderate pressure after rise
25.04.2024
Being under moderate pressure, the Australian dollar yesterday declined to 0.6485 support against the U.S. dollar. Risks of resuming the decline still exist, and attempts to a growth toward 0.6550-0.6570 may be used for selling the pair. Rising inflation in Australia reduces the likelihood of RBA's early easing of monetary policy, which in the short term may support the Australian dollar.
AUD/USD continued to recover
24.04.2024
The risk appetite that returned to investors contributed to the further recovery of the Australian dollar against the U.S. dollar, which resulted in testing the 0.6490 resistance. The next target for bulls could be 0.6500-0.6510 resistance, but the Australian dollar remains vulnerable and bears may sell it again at a better price.
AUD/USD is attempting to move higher
23.04.2024
Amid the recovery of stock indices, the Australian dollar remains positive in the pair with the U.S. dollar, which was also supported by the publication of the minutes of the last RBA meeting, according to which the central bank intends to keep the interest rate at the current level. Having established 0.6430 support, the Australian dollar is trying to break 0.6450 resistance, which will lead to a growth toward 0.6480-0.6500, but attempts at its rise may still be used for selling.
AUD/USD returned to 0.6430 after falling
22.04.2024
Investor flight from risky assets triggered the liquidation of the Australian dollar positions, causing it to plummet against the U.S. dollar to 0.6365 support, but it soon recouped most of these losses, returning to 0.6430 resistance. Selling interest may endure on the rise, and bears may retest Friday's lows. Breaking resistance will prompt a growth toward 0.6450, where the Australian dollar may be sold again.
AUD/USD is declining after a pullback
19.04.2024
The pullback of the Australian dollar against the U.S. dollar was also used for selling, and after testing 0.6455 resistance, it dropped to support at 0.6420. Next, bears may retest support at 0.6400-0.6390. Breaking through 0.6430 will allow testing 0.6455.
Australian dollar/US dollar attempts recovery
18.04.2024
The Australian dollar remains vulnerable against the U.S. dollar, but 0.6400 support continues to hold back bearish pressure. Attempts at growth, however, are currently limited by resistance at 0.6440. The bulls' inability to break support increases the chances of breaking this resistance and rising toward 0.6460-0.6480, but on growth, the Australian dollar may be sold.
Australian dollar/US Dollar decline continues
17.04.2024
Investors continue to exit risky assets, the Australian dollar being one of them. Therefore, its price against the U.S. dollar continues to decline, with bears testing the support level of 0.6400. Breaking the support will lead to a further decline to the level of 0.6360-0.6340, which at this stage seems like the most probable course of events; passing the level of 0.6420 will lead to a decline toward 0.6450.
Aussie/dollar on its way to 0.6400?
16.04.2024
After pushing away from support around 0.6460 in pairing with the US Dollar, the Aussie Dollar pulled back towards 0.6490 resistance where it was sold again and the bears, breaking support, tested the 0.6440 level for now. The next potential target for the bears could be the 64 figure; a break of the 0.6460 resistance now would lead to a rise towards 0.6480-0.6490. Upside pullbacks can still be used for selling.
Aussie/dollar broke through the support at 0.6500
15.04.2024
Anti-risk sentiment reigns in the financial markets, and stock indices resumed falling, which negatively affects the dynamics of the Australian dollar and led to a break of support near the 65th figure and a decline to 0.6456, where the weekly close took place. Bears may test 0.6440-0.6420 support next; a break of 0.6480 will allow the bulls to test the 65 figure as resistance.
Aussie/dollar remains under pressure
12.04.2024
The Australian dollar remains under pressure from sellers, but the bears failed to break the support around 0.6510-0.6500 yesterday. The nearest resistance is at 0.6550, below which risks of support breakdown and decline towards 0.6470-0.6450 prevail; passing the resistance will lead to growth towards 0.6575. The RBA may start lowering the interest rate ahead of the Fed, which may pressure the Aussie.
Aussie/dollar back to 0.6500
11.04.2024
The Australian dollar sold for the US dollar broke several support levels and collapsed to the 65th figure, which increases the risks of its breakdown and declines towards 1.6480-1.6460. Growth attempts are again possible from the current levels, but they can be used for selling.
Aussie/dollar is in moderate demand
10.04.2024
The Australian dollar was repurchased from support around the 66th figure in the pairing with the US dollar, but it sold off from resistance at 0.6645, bringing it back to support at 0.6615. Stock indices are trying to resume growth, which is positive for the Aussie, but if the correction continues and/or US inflation accelerates, it could break 0.6600 and fall to support at 0.6570-0.6550. Breaking through the resistance will lead to growth towards 0.6660-0.6680, where bears' activation is possible.
Aussie/dollar continues to recover
09.04.2024
The propensity of investors to risk contributes to the preservation of demand for the Australian dollar in the pair with the US dollar, against which the resistance in the area of 0.6610 was tested, which at the moment successfully coped with its task. It is not necessary to talk about the trend reversal yet, but next, bulls can test the resistance in the area of 0.6620. Below this level, the risks of decline resumption remain, and its breakdown will lead to growth in the direction of 0.6660.
Aussie/dollar bought from 0.6550; downside risks persist
08.04.2024
Aussie/USD selling from resistance near 0.6590 led to its fall towards 0.6550 support, where buying interest was noted, bringing the pair back to 0.6590 resistance. Nevertheless, below 0.6590, downside risks towards 0.6530-0.6500 will remain high; passing this resistance will allow the bulls to attack 0.6620 resistance, where the Aussie could sell off again.
Aussie/dollar moved higher but sold off from resistance at 0.6615
05.04.2024
Continuing its recovery against the US dollar, the Aussie dollar moved up to resistance around 0.6615, but the anti-risk sentiment was the reason for its selling, which caused it to test support at 0.6580. The bulls may try to bring it back above 0.6600 again, but in case of further correction of stock indices, the Aussie may decline to 0.6560-0.6540.
Aussie/dollar recovers after the fall
04.04.2024
Liquidation of short positions on the Australian dollar in the pair with the US dollar continued yesterday, contributing to the breakdown of resistance near 0.6520 and the growth of the Aussie to 0.6570. Its recovery can still be used for selling, while growth to 0.6580-0.6600 should not be ruled out.
Aussie/dollar recoups losses
03.04.2024
The bears on the Australian dollar failed to break the support around 0.6485 in the pair with the US dollar, which provoked profit-taking on short positions and the pair's pullback to the resistance at 0.6525. There are no reasons for the reversal of the current trend, so the recovery of the Aussie can be used to resume selling and testing the above support; passing the resistance will lead to growth in the direction of 0.6540-0.6550.
Aussie/dollar declines again
02.04.2024
The Australian dollar, under selling pressure, broke support near 0.6510 and declined towards 0.6485 in pairing with the US dollar. Pullbacks to 0.6500/10 could be used to sell and test support around 0.6450; a break of resistance would lead to a rise towards 0.6530, but the Aussie could sell again on the way to that level.
Aussie/dollar sells on growth attempt
01.04.2024
The Australian dollar's growth attempt against the US dollar after the release of the US Consumer Personal Expenditure Price Index was limited by resistance near 0.6530, where it continues to be sold. Risks of a break of 0.6490 support and a decline towards 0.6460-0.6430 still prevail; a break of resistance would lead to a rise towards 0.6550-0.6560.
Aussie/dollar continues to decline
29.03.2024
Aussie/Dollar selling on a pullback to 0.6525 resistance resulted in a break of 0.6515 support and a decline to 0.6490 support before pulling back to 0.6525 resistance. Pullbacks and further could be used for selling, where the next bearish target could be 0.6450 support; a break of resistance would take the upside to 0.6540-0.6560.
Aussie/dollar still near 0.6500
28.03.2024
The Australian dollar remains under pressure from the US dollar but continues to trade above the 65 figure. The outlook remains negative, where risks of support breakdown and downside towards 0.6460-0.6450 remain; a break of 0.6560 would lead to upside towards 0.6580-0.6600.
Aussie/dollar sold from 0.6560
27.03.2024
The Australian dollar sold off for the US dollar after testing resistance around 0.6560. At the moment, bears are trying to break the support at 0.6530, which will give them an opportunity to test 0.6510/00; passing the resistance will lead to growth towards 0.6580-0.6600. In the short term, the pair may consolidate in the current range.
Aussie/dollar pulled back to 0.6550 resistance; downside risks persist
26.03.2024
The Australian dollar was repurchased against the US dollar with support of around 0.6510, and the bulls tested the resistance at 0.6550, which they cannot yet breakthrough. Below this level, downside risks prevail to break support and decline towards 0.6480-0.6450; passing resistance will lead to an upside towards 0.6570-0.6580, where the Aussie could be sold again.
Aussie/dollar may break 0.6500 and continue to decline
25.03.2024
On Friday, the Australian dollar paired with the US dollar was again under selling pressure, this time from the level of 0.6575, after testing of which the support at 0.6565 was broken, and the weekly close was held at the support near the level of 0.6510, which increases the risks of breaking the 65th figure and decline towards 0.6480-0.6450; the passage of 0.6530 will lead to growth to 0.6550-0.6575.
Aussie/dollar sold off on the rise
22.03.2024
The Australian dollar, having continued its growth against the US dollar, tested the resistance at around 0.6635, but after being under pressure again, it declined to support at 0.6565. Attempts to return to the 66th figure are still possible, but the loss of support will lead to a decline towards 0.6540-0.6520.
Aussie/dollar recoups losses
21.03.2024
The US dollar sell-off, triggered by the FOMC meeting outcome, helped the Australian dollar break the resistance at 0.6540 and test 0.6585. Bulls may test the strength of the 66th figure and, in case of its breakdown, test the resistance at 0.6620; a loss of support at 0.6550 will lead to a decline towards 0.6530-0.6510.
Aussie/dollar declines on RBA decision
20.03.2024
The RBA, as predicted, left the interest rate level unchanged but did not mention the possibility of its increase, which became a reason for selling the Australian dollar against the US dollar, as a result of which it declined to 0.6505. At the moment, the bulls are trying to break the resistance at 0.6530, below which the risks of testing the 65th figure will prevail. The decision of the US Fed on the interest rate level and/or Jerome Powell's comments may affect the dynamics of the pair.
Aussie/dollar pending RBA decision
19.03.2024
Under moderate selling pressure, the Aussie dollar slid back towards support around 0.6555 yesterday in pairing with the US dollar. The RBA is likely to leave the interest rate level unchanged, so investors' attention will be on the press conference. Any mention of the upcoming rate cut could trigger Aussie selling and its decline towards 0.6520-0.6500; the intention to hold it for a longer period of time could support it. A passage of 0.6570 resistance will allow the bulls to test the 66th figure.
Aussie/dollar declines under pressure from sellers
18.03.2024
The selling of the Aussie dollar against the US dollar led to its fall from resistance near 0.6630 to support at 0.6555, where the weekly close took place. This suggests an Aussie decline towards 0.6530-0.6500; passing 0.6570 resistance will lead to an upside towards 0.6590-0.6610.
AUD/USD chart
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Why is it important to know the AUD/USD price prediction?
Traders Union research determined that the AUD/USD is one of the most popular currency pairs among Forex traders and investors and it is in the group of major pairs. The Australian dollar is the base currency of the pair. It means that when the pair increases, the AUD strengthens and the USD weakens in it. When the pair declines, the Australian dollar weakens and the US dollar strengthens. The AUD/USD pair is suitable for novice traders, as it has an active, but not very high level of volatility, which provides you with time to make a trading decision. The peak of the AUD/USD volatility falls on the period from 19:00 to 04:30 (GMT) due to the trading schedule at the Australian exchange (ASX).
FAQ
1
What is the AUD/USD price prediction based on?
The AUD/USD price predictions are based on technical analysis of the Forex market, with Traders Union financial experts using such instruments as indicators, patterns and support and resistance levels. This allows them to make a rather accurate AUD/USD price movement forecast and provide Traders Union traders the most up-to-date AUD/USD price prediction.
2
What is technical analysis in the Forex market?
Technical analysis is a method of predicting the change in the price of a financial instrument based on its historical data obtained previously on this instrument. As a rule the actions of traders are cyclical in nature, which is taken into account by financial experts when they predict currency prices, AUD/USD price in particular.
3
Can the AUD/USD price prediction be trusted?
Every AUD/USD price prediction is made by Traders Union financial experts with colossal professional experience. However, unplanned events and news may impact the price performance of Forex instruments, which needs to be taken into consideration when building a trading strategy.
4
What impacts Australian dollar price against the US dollar
The AUD/USD price is influenced by the following:
- Internal events at the Australian exchange (ASX);
- Policies of the central banks of Australia and the U.S.;
- Dynamics of export-import transactions of the countries;
- Inflation in the U.S. and Australia;
- Statements of the Australian and U.S. officials;
- General trends in the global financial markets and in the Forex market in particular.
- Internal events at the Australian exchange (ASX);
- Policies of the central banks of Australia and the U.S.;
- Dynamics of export-import transactions of the countries;
- Inflation in the U.S. and Australia;
- Statements of the Australian and U.S. officials;
- General trends in the global financial markets and in the Forex market in particular.