AUD/USD Weekly Outlook: Bearish Signals Persist as US Dollar Resurgence Pressures Ranges
AUD/USD ended last week in a tug-of-war between bulls and bears, failing to break above key resistance near 0.6713 while holding short-term support around 0.6579. The pair remains confined within a range shaped by diverging US and Australian monetary policies—Fed’s hawkish stance contrasts with the RBA’s caution amid mixed domestic data. Technicals show consolidation with neutral-to-bearish RSI and waning momentum, suggesting a potential test of support ahead. Watch for a decisive breakout or breakdown to set the medium-term direction. #AUDUSD #ForexAnalysis
