Roughly 5.1% of daily trades. Nicknamed “Aussie,” its value is tied to Australian commodity exports like iron ore and coal.
AUD/USD remains stuck in a narrow, choppy range, struggling to clear key moving averages and defined swing zones. The pair oscillates between the 100- and 200-hour SMAs, capped near 0.6700 and finding support around 0.6660–0.6670. Without a clear breakout or breakdown, momentum is stalled and traders await fresh catalysts for direction.
AUD/USD remains trapped in a complex range as price oscillates between major moving averages and key swing zones. The 100- and 200-day MAs act as dynamic support/resistance, while the 0.6550–0.6720 range defines near-term boundaries. With mixed macro signals and risk sentiment, traders face frequent whip-saws and indecision—clear directional conviction remains elusive. Monitoring breakouts or breakdowns outside this zone will be critical for the next big move.
AUD/USD remains stuck in a sideways range, constrained between its 100- and 200-period moving averages on higher timeframes. Key support near 0.6575 and resistance around 0.6660 define this indecisive phase, with false breakouts muddling trend clarity. Traders should watch for a decisive move beyond these levels to signal the next directional move. Insights expanded from Adam Button’s technical analysis highlight the need for fresh catalysts to break the current equilibrium.
Softer UK CPI data has increased pressure on the Bank of England to pause or ease tightening, keeping GBP/USD under pressure. MUFG highlights that with Fed’s hawkish stance contrasting BoE’s more dovish outlook, the pound faces headwinds against the dollar. Market focus remains on inflation and central bank signals moving forward. (Analysis by eFXdata referencing MUFG Bank)
Trading EURUSD & AUDUSD using the Judas Swing strategy reveals how the market tempts traders with false breakouts during the London open before reversing sharply. By mapping the Asian session range and spotting the initial spike, traders can capitalize on the true directional move once the reversal occurs. Proper timing, patience, and risk management are key to exploiting this liquidity grab tactic successfully. Full analysis by PentaNoodle via TradingView on 05-08-2025. #ForexTrading #EURUSD #AUDUSD #JudasSwing
Trading EURUSD and AUDUSD using the “Judas Swing” strategy reveals how early-session false breakouts—often at the London open—are used by institutions to trigger stops before reversing into the true move. By marking the Asian session range and watching for sharp spikes beyond it, traders can identify these deceptive swings and enter on confirmed reversals. Proper timing, confirmation via price action, and disciplined risk management are key to capitalizing on this manipulation and improving trade outcomes.
The US dollar gave back recent gains as traders await key US economic data this week, including non-farm payrolls and inflation reports. Markets remain cautious, weighing Fed policy prospects amid signs of a cooling labor market and persistent inflation. Volatility likely to stay elevated as investors assess the dollar’s next move. #Forex #USD #Fed
AUD/USD remains in a consolidation phase after bouncing from 0.6594 support, facing resistance near 0.6709. Key daily supports at 0.6590-0.6560 hold amid an upward channel since mid-April. A sustained break above 0.6709 could renew bullish momentum, while a drop below 0.6594 risks deeper correction towards 0.6465. Monitoring RSI, MACD, and 55-day EMA critical for next directional clues.
Source: ActionForex.com | Additional data: FXStreet, Investing.com
FX option expiries for August 7 show key levels to watch: EUR/USD clustered between 1.0850-1.0950 (€3.5B total open interest), USD/JPY at 143.00 and 144.00 ($2.3B), and GBP/USD around 1.2700-1.2750 (£2.5B). Expect heightened volatility and price pinning near these strikes as the 10 AM New York cut approaches. Traders should monitor these zones for potential support/resistance and rapid moves tied to option hedging flows.
AUD/USD remains firm as Australia’s trade surplus jumps to AUD 5.77 billion, surpassing expectations. Strong commodity exports and steady demand from China and Japan underpin the AUD’s resilience amid global market uncertainties. Looking ahead, sustained trade strength could continue supporting the currency’s outlook. #Forex #AUDUSD #TradeSurplus
