**AUD/USD Technical Analysis and Forecast – 17 November 2025**
*Originally analyzed by: Christopher Lewis (Source: DailyForex.com)*
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## Overview of AUD/USD Price Action and Market Sentiment
The AUD/USD currency pair continues to garner attention as traders assess its recent price dynamics within the broader context of forex markets and shifting macroeconomic narratives. As of mid-November 2025, the pair has shown signs of resilience, but still faces significant headwinds that could shape its trajectory in the coming weeks. This analysis dissects current technical developments, highlights critical price levels, explores fundamental factors, and provides a well-rounded forecast for both short-term and long-term traders.
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## Key Developments in Recent Trading Sessions
– **Short-term Oscillation:** The AUD/USD experienced significant oscillations, testing both support near the 0.6400 zone and resistance levels closer to 0.6500. This price range has served as a battleground for bulls and bears, reflecting overall market indecision.
– **Temporary Upside Momentum:** Earlier in the month, the pair attempted a move higher, but momentum stalled as sellers reasserted control, especially as the US dollar regained strength from positive economic data releases.
– **Technical Rejection:** Price action has indicated repeated rejection above the 0.6500 handle, suggesting that this level will serve as a critical resistance barrier.
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## Detailed Technical Analysis
### Daily Chart Insights
– **Moving Averages:** The 50-day and 200-day simple moving averages (SMA) remain notable. The pair currently trades below both, signaling lingering bearish sentiment in the medium term.
– **Support and Resistance Zones:**
– Immediate resistance resides between 0.6490 and 0.6510.
– Key support can be found at 0.6420, with additional demand zones at 0.6360 and below.
– **Candlestick Patterns:** Recent daily candlesticks reveal hesitation to break out of the current consolidation phase, confirming a lack of conviction from both bulls and bears.
### Oscillator Readings
– **Relative Strength Index (RSI):** The RSI hovers near the neutral 50 level, reflecting indecision and a lack of clear momentum direction. Short-term overbought/oversold signals are not present.
– **MACD Indicator:** The Moving Average Convergence Divergence (MACD) remains flat, and its histogram suggests minimal divergence, further confirming the pair is in a consolidation phase.
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## Broader Fundamental Backdrop
### Australian Dollar Factors
– **Domestic Economic Data:** Recent data indicates mixed signals from the Australian economy. While GDP growth remains on target, employment data has been volatile, and inflation continues to moderately outpace expectations.
– **Reserve Bank of Australia (RBA) Policy:** The RBA has maintained a cautious stance, signaling that interest rate hikes are likely paused for the foreseeable future. The central bank’s emphasis on taming inflation while supporting
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