**AUD/USD Technical Analysis and Forecast: 11 February 2026**
*Based on insights and analysis by DailyForex, with supplemental research from market sources.*
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The Australian Dollar (AUD) against the US Dollar (USD), commonly known as the AUD/USD currency pair, is one of the most actively traded pairs in the forex market. Its price movement often reflects the relative health and direction of the Australian and US economies. In this analysis, we will comprehensively examine the AUD/USD pair’s current conditions as of February 11, 2026, integrating technical indicators, price action scenarios, fundamental influences, and expert outlooks to provide a data-driven forecast.
**Current Market Posture and Context**
As of early February 2026, the AUD/USD pair is grappling with considerable volatility, influenced by both domestic economic performance in Australia and broader global macroeconomic trends. The currency pair remains a favorite for traders due to Australia’s close trading relationship with China, the world’s second-largest economy, and the dominant role of the US dollar as the global reserve currency.
**Technical Overview**
– **Current Price Action:**
At the time of analysis, AUD/USD is hovering near a significant technical level, battling for momentum above the 0.6500 area. The pair recently attempted a rally, but has met resistance as bearish sentiment remains prominent among investors.
– **Key Technical Levels:**
– Major Support Zones: 0.6500, 0.6460, and 0.6400
– Major Resistance Levels: 0.6600, 0.6650, and 0.6700
– 50-Day Moving Average: Currently trending down, indicating short-term bearish bias
– 200-Day Moving Average: Remains flat, suggesting a potential for trend reversal if broken
– **Recent Chart Patterns:**
– The currency pair recently formed a bearish engulfing candle on the daily chart, signaling potential for continued downside pressure.
– Multiple failed attempts to breach the 0.6600 resistance indicate that sellers are firmly in control.
– Price has been oscillating within a descending channel since early January 2026.
– **Momentum Indicators:**
– The Relative Strength Index (RSI) is trading around the 40 level, supporting the idea that bearish momentum is in play, but not yet in oversold territory.
– The Moving Average Convergence Divergence (MACD) indicator displays a widening gap below the signal line, which further accentuates the short-term downside bias.
**Fundamental Catalysts Impacting AUD/USD**
– **Australian Economic Developments:**
– The Reserve Bank of Australia (RBA) recently kept interest rates unchanged, highlighting ongoing concerns around subdued inflation and moderate GDP growth.
– Australia’s latest employment report showed a marginal decline in full-time positions, reinforcing caution among market participants.
– A downturn in Chinese manufacturing activity, as reported by the Caixin
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