FX.co ★ torp.paris | AUD/USD

The currency pair AUDUSD - D1 chart. Here we can see that for the most part of 2025, the price moved sideways in ranges, with a relatively small price range on the daily chart scale. The end of November and the beginning of December were bullish. After breaking above the descending resistance trendline drawn from the peaks of waves in early December, it became clear that the uptrend was likely to continue. I was expecting the maximum of the upcoming bullish wave, and it turned out to be quite significant, with prices climbing up substantially. The year's high was reached. The wave structure is ascending. The MACD indicator is once again rising above its signal line. There is a trap set for sellers here, although not a complete one. There was a bearish divergence on the indicators used. Additionally, an ascending wedge pattern was broken downwards. However, confirmation of all this required a close below the support level at 0.6669. The price stayed around this level for many days in a row, and usually when the price lingers at a level for a long time without moving away, it indicates an intention to break through. But not this time, the level proved to be unbreakable like granite. Presumably, there were a lot of sellers accumulating, seeing these signals for a decline. As a result, we see an intense rise, further supported by positive data from Australia, where the unemployment rate decreased. Moreover, overall in the market, the US dollar was weakening against major pairs. Despite this beautiful setup for a decline being disrupted, a descent is still possible, as the MACD divergence has finally broken. Trading near the peak made no sense, as we still need to wait for a decline at least towards the nearest support level at 0.6740. On the other hand, selling can now be considered since at the edge of the rise, there is a mirror level where support has turned into resistance. Not on this higher timeframe, but on a lower one, this is clearly visible. I believe that the decline will continue as we have previously surpassed significant highs of past years.