AUD/USD started Tuesday’s Asian session on the front foot, snapping back from Monday’s mild dip and hanging comfortably around the mid-0.6500s. The pair is up just over 0.10% today, building on a recovery that started after last month’s lows. Right now, a stronger Aussie and a weaker US Dollar are both fueling this move.
RBA’s Stance and Soft USD Keep Aussie in Demand
Traders still pile into the Aussie Dollar, mainly because the RBA keeps sounding tough on rates—no quick cuts in sight. This lifts the currency tied to risk appetite, lifted further as broader markets stay positive.
The US dollar’s still struggling. Investors now think the Fed will lower rates once more before this month ends. A softer buck, combined with fading demand for safety plays, lets AUD/USD move higher.
Technical Picture: Bulls Eye 0.6600 and Higher
On the technical side, AUD/USD has cleared its 100-day Simple Moving Average, a clear sign that buyers are in control. Now, the pair is bumping up against a descending trend-line from September’s high. Momentum is building, and daily chart oscillators back the case for more gains.
If AUD/USD breaks above 0.6600, the next big test sits at 0.6660–0.6665. If buyers keep up the pressure, we could see a run toward the year’s highs above 0.6700, levels last touched in September.
