**AUD/USD Technical Forecast and Analysis: November 17, 2025**
*Based on content by Christopher Lewis, with additional analysis and context.*
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**Overview**
The AUD/USD currency pair stands as one of the most actively traded on the global foreign exchange markets, reflecting not only the intricate relationship between the Australian and US economies, but also the broader trends in commodity markets, risk sentiment, and global economic cycles. As we examine the technical landscape for AUD/USD heading into November 17, 2025, it is prudent to consider recent price actions, influential macroeconomic factors, and potential trading opportunities, balanced with an awareness of global economic catalysts.
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**Recent Price Movements and Current Market Structure**
The AUD/USD pair has displayed significant volatility in recent months, echoing changes in US Federal Reserve policy, ongoing activity in the Chinese economy (as Australia’s largest trade partner), and adjustments in global commodity prices such as iron ore and coal. As of last session, the pair hovered around the 0.6500 level, marking a subtle rebound from local lows while still residing beneath several key technical resistance points.
Key observations from recent trading sessions:
– The pair has historically found buying support around the 0.6400 area, which aligns with a psychological round number as well as historical demand zones.
– Short-term rallies have struggled to sustain moves above 0.6550, hinting at underlying bearish pressure.
– Downward momentum persists since the late August 2025 high of approximately 0.6700, suggesting traders are still wary of upside prospects without a clear shift in macroeconomic conditions.
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**Technical Analysis and Chart Patterns**
A more granular technical analysis of the daily chart provides traders with crucial insight:
**Support and Resistance Levels**
– **Immediate Support:** 0.6400
This level has seen repeated defense by buyers, indicating strong accumulation and a barrier against further declines.
– **Deeper Support:** 0.6300
Should the 0.6400 level fail, traders will look toward 0.6300 as a potential medium-term bottom.
– **Near-Term Resistance:** 0.6550
Sellers have capped upward momentum at this point, with price repeatedly reversing here since early November.
– **Major Resistance:** 0.6700
This level has served as a significant reversal area in recent months. A breakout above could indicate a trend change.
**Moving Averages**
– The 50-day moving average (currently trending around 0.6520) is flattening, echoing the market’s indecisive mood.
– The 200-day moving average, further above at approximately 0.6600, acts as a formidable long-term resistance.
**Candlestick Patterns and Market Psychology**
– Frequent formation of long-tailed dojis and hammers at support zones signal active defense by bulls, especially around the 0.6400 mark.
– Consecutive lower highs reflect ongoing bearish sentiment, with
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