FX.co ★ FX-Perfact | AUD/USD

AUD/USD Daily Timeframe: Based on the AUD/USD chart on the daily timeframe, the current price movement shows an increasingly constructive technical structure. After experiencing strong selling pressure from May to June 2026, AUD/USD managed to form a base around the 0.6867–0.6838 area. Since then, the price has gradually built recovery momentum and formed a series of higher lows and higher highs. This indicates that buyer strength is starting to increase and the medium-term trend is slowly shifting from bearish to bullish. At the last position seen on the chart, AUD/USD was around 0.7170 after previously recording a daily high of around 0.7181. This increase is significant because the price has successfully moved past the 0.7144 resistance level and is now approaching the next resistance area at 0.7205. Thus, AUD/USD is currently in a crucial zone as the market is testing an area that previously had the potential to hinder the continuation of the uptrend. From the perspective of the 100-day moving average (MA), the blue line on the chart indicates that the price has successfully moved and maintained above this moving average. The 100-day moving average (MA), which had previously been in a downward phase, began to appear flatter and then slowly trended upward. This change in slope is a positive indication as it indicates that the previous bearish pressure is starting to ease. More importantly, the price is not only above the 100-day moving average (MA), but also forming a structure of higher lows around it. This condition indicates that the 100-day moving average (MA) is starting to function as dynamic support for the AUD/USD movement. As long as the price can stay above the 100-day moving average (MA), the medium-term technical bias remains bullish. If a correction occurs from the resistance area of 0.7205, the 100-day moving average (MA) could be one area to watch to gauge buyer strength. A correction towards a moving average does not necessarily indicate a trend change; as long as the price is able to find support and rebound, it could actually be part of a healthy bullish pattern.

The 200-day moving average (MA), shown by the red line, is lower than the 100-day moving average, around the 0.6940–0.6950 area. This position provides a fairly positive picture for the long-term trend. The AUD/USD price is currently quite far above the 200-day moving average (MA), while the 200-day moving average (MA) has begun to flatten and is slowly trending upward. Furthermore, the 100-day moving average (MA) has moved above the 200-day moving average (MA). This combination is a more constructive configuration, indicating that medium-term momentum is starting to strengthen compared to the previous long-term trend. However, the considerable distance between the price and the 200-day moving average (MA) is also worth noting. The further the price moves from the moving average, the greater the likelihood of a pullback or consolidation to rebalance momentum. Therefore, AUD/USD's rise doesn't always have to be vertical. A correction towards support or the 100-day moving average (MA) can still be considered normal as long as the higher low structure remains intact. On the resistance side, the 0.7205 level is the closest obstacle and a crucial level in determining the next direction. The price has shown strong bullish momentum towards this area, but a breakout cannot be considered valid based solely on intraday movements. Better confirmation would be seen with a strong daily close above 0.7205, especially if the subsequent candlestick maintains the price above that level. If the breakout is confirmed, the next target is around 0.7278. This level represents higher horizontal resistance and could potentially be a profit-taking area for some market participants. Above 0.7278 lies major resistance at 0.7305. This area will be a key target if AUD/USD is able to continue its rally. A breakout of 0.7305 will significantly strengthen the bullish structure, indicating that buyers are capable of pushing the price into a higher area than the previous resistance. Conversely, if the price experiences a strong rejection at 0.7205 or 0.7278, the possibility of consolidation or a correction should be considered. For support, the 0.7144 level is the closest and most important support level. Previously, this level served as resistance, but now it has the potential to change its function to support. This phenomenon is known as a role reversal, where a successfully broken resistance becomes a defensive area for buyers. If AUD/USD pulls back but manages to hold above 0.7144, the bullish structure is still considered healthy, and the opportunity to retest 0.7205 remains open. The next support level is at 0.7088. This level is significant because it previously served as the upper limit of price movement before the upward acceleration. A decline towards 0.7088 can still be considered a normal correction, but the price reaction there needs to be monitored. If buyers are able to re-enter and form a bullish candle, this level could provide a stepping stone to continue the uptrend. Conversely, a clear break below 0.7088 would indicate that the short-term bullish momentum is starting to weaken. Lower support is located around 0.6867, while 0.6838 is a major support level on the chart. These two levels will be crucial if a larger trend change occurs. As long as the price remains well above these two areas, the medium-term bullish structure is not seriously threatened. However, if AUD/USD declines and breaks through these support areas, the bullish analysis should be re-evaluated as this could indicate a failed recovery phase. Overall, the current daily AUD/USD structure indicates a bullish trend. The price is above the 100- and 200-day moving averages, the 100-day moving average has crossed the 200-day moving average, while both moving averages are beginning to show more positive developments. Price action also shows higher lows and higher highs since the price reached the 0.6867–0.6838 area. This condition reinforces the indication that buyers currently have greater control than during the previous decline.