**AUD/USD Forex Technical Analysis and Outlook – November 3, 2025**
*Adapted and expanded from original analysis by DailyForex*
**Market Summary**
The AUD/USD currency pair has shown notable movement in recent trading sessions, reflecting a mix of domestic and global influences. As traders assess the ongoing impact of recent economic data releases and central bank commentary, the pair’s technical dynamics provide insight into potential future direction. This article offers an in-depth technical analysis of the AUD/USD, covering key support and resistance levels, trading strategies, and broader market factors influencing the pair.
**Current Technical Outlook**
– AUD/USD saw an upward move in the last session, reaching new highs for the week before encountering resistance and pulling back.
– The general trend remains framed by a recent period of consolidation, characterized by moderate volatility and sensitivity to macroeconomic news.
– On the daily chart, the pair remains above its 50-period simple moving average (SMA), suggesting a slight bullish bias despite short-term retracement.
**Key Price Levels**
– **Resistance Levels:**
– 0.6500: Psychological round number, previously acted as resistance twice in October.
– 0.6545: Weekly high, potential inflection point amid any bullish momentum.
– 0.6580: October’s swing high, marking a significant hurdle for buyers.
– **Support Levels:**
– 0.6420: Immediate support, aligns with early November lows.
– 0.6385: Former resistance turned support, closely aligned with the 20-day SMA.
– 0.6350: Key technical support from September, a critical level for downside risk.
**Technical Indicators and Patterns**
– **Moving Averages:**
– The pair is currently trading above its 50-day SMA but below the 200-day SMA, indicating a medium-term sideways bias.
– The convergence of the 20-day and 50-day SMAs in the 0.6420-0.6440 area suggests a potential support zone.
– **Relative Strength Index (RSI):**
– The daily RSI hovers near the neutral zone, slightly pointing downward, signaling a lack of immediate directional bias.
– **MACD (Moving Average Convergence Divergence):**
– The MACD histogram is slightly positive but showing signs of flattening, reflecting a pause in recent bullish momentum.
– **Candlestick Patterns:**
– A long upper wick on the latest daily candle highlights selling pressure above 0.6540, reinforcing the resistance in this zone.
**Trade Setups and Strategies**
With the technical picture reflecting mixed signals, traders can consider both bullish and bearish scenarios, tailoring position sizes and risk controls accordingly.
– **Buy Scenario:**
– Look for buying opportunities if the pair closes decisively above 0.6545.
– Initial target: 0.6580, with an extension to 0.6625 if bullish momentum
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