**AUD/USD Forecast for January 8, 2026: Technical Analysis and Outlook**
*Based on analysis by Christopher Lewis, with supplementary information included for an expanded perspective.*
—
**Overview of Recent AUD/USD Performance**
The AUD/USD currency pair, representing the Australian dollar versus the United States dollar, holds a pivotal role in the forex landscape due to the economic ties and significant trade relationship between Australia and the United States. Over recent years, this pair has reflected the global risk appetite and shifts in commodities markets, notably with Australia being a major exporter of iron ore and coal.
In early January 2026, the AUD/USD has traded with notable volatility. Understanding its current trajectory requires a close look at technical indicators, key psychological levels, recent economic data, and potential scenarios hinging on policy statements from central banks and global market sentiment.
—
**Technical Analysis: Key Chart Levels and Indicators**
Christopher Lewis, a seasoned forex analyst, notes the following technical factors affecting AUD/USD:
– **Resistance Zones:**
– The area near the 0.6850 level has consistently acted as resistance in recent sessions. This level is crucial as traders seem unwilling to push the pair much higher.
– The psychological resistance at 0.6900 remains a notable barrier, historically triggering reversal or consolidation.
– **Support Levels:**
– The 0.6700 handle stands out as solid support, with already established buying interest during recent pullbacks.
– Should this level be broken, further support may appear near the 0.6650 and 0.6600 zones.
– **Moving Averages:**
– The 50-day Exponential Moving Average (EMA) is trending slightly upward, indicating a modest bullish sentiment in the medium term.
– The 200-day EMA, however, continues to hover above current prices, still acting as resistance and delineating long-term market sentiment as neutral to bearish.
– **Momentum Indicators:**
– The Relative Strength Index (RSI) is currently neutral, oscillating around the middle of its typical range (45-55), signaling a lack of strong directional momentum.
– MACD (Moving Average Convergence Divergence) has shown a mild bearish cross, but the histogram remains near zero, indicating limited momentum.
—
**Fundamental Factors Shaping AUD/USD**
The movement of the AUD/USD pair isn’t determined solely by technical analysis. A range of economic, political, and market factors are fueling the currency pair’s current range-bound nature.
– **Australian Economic Outlook:**
– Australia’s GDP growth rate remains steady but unremarkable, clocking in slightly above 2 percent in the most recent annual figures.
– The Reserve Bank of Australia (RBA) has held interest rates steady after inflation data showed a gradual return toward its 2-3 percent target band. Market participants are split over whether the next move will be a cut or a hike, though no aggressive moves are expected in Q1
Read more on AUD/USD trading.