Certainly. Below is a thoroughly rewritten version of the analysis presented in the article titled “AUD/USD Technicals: The Key Levels In Play Are Defined For The AUD/USD – Watch And Find Out”, originally published on InvestingLive.com. Additional information has been incorporated from reputable forex analysis sources to provide further context and insight. Proper credit is attributed to the original author and source.
—
# AUD/USD Technical Analysis: Key Levels to Watch in the Australian Dollar to US Dollar Pair
*Based on analysis from InvestingLive.com | Supplemented with insights from DailyFX.com, FXStreet.com, and other leading forex authorities.*
## Introduction
The AUD/USD pair, representing the value of one Australian dollar in terms of US dollars, is one of the most actively traded currency pairs on the forex market. The pair serves as a barometer for both economic sentiment in Australia and broader global risk appetite due to the Australian dollar’s role as a commodity-linked currency and its sensitivity to shifts in market sentiment.
Technical analysis continues to play a crucial role for traders and investors aiming to navigate the price action in AUD/USD, especially amid evolving global macroeconomic dynamics. This article dissects the most significant technical levels currently influencing this pair, outlines possible scenarios for both bullish and bearish outcomes, and discusses important indicators shaping market expectations for AUD/USD.
## Recent Price Action: The Context
– The pair has experienced notable volatility in recent months due to inflation readings from the United States, policy shifts by the US Federal Reserve, changes in commodity prices, and signals from the Reserve Bank of Australia (RBA).
– After reaching lows close to the 0.6500 mark, AUD/USD has staged a recovery, encountering resistance levels around the 0.6700 area, then retreating as risk-off sentiment periodically dominates.
– Volume on major moves has picked up around US economic data releases and comments from central bank officials.
## Key Technical Levels on the AUD/USD Chart
**Support Levels:**
– **0.6500:** This is a widely monitored psychological level and a recent swing low. A sustained break below would likely indicate further downside risk, exposing the next major support at 0.6400.
– **0.6450-0.6460:** Minor support cluster, historically serving as a launchpad for short-term recoveries.
– **0.6400:** Multi-month support defined by historical price action and Fibonacci retracement from the pandemic lows to recent highs.
**Resistance Levels:**
– **0.6670-0.6700:** The upper end of recent price action, where sellers have consistently emerged.
– **0.6730:** Previous swing high, with a clear break above this level opening the prospect for further bullish momentum.
– **0.6800:** Psychological barrier and a key structural level; currently seen as the main upside target if the bulls regain control.
**Moving Averages:**
– The 50-day simple moving average (SMA) has been aligning closely with intraday highs
Read more on AUD/USD trading.