Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
15 May 2025

AUD/USD mixed technical signals amid fundamental headwinds

  • The AUD/USD pair remains near the bottom of its daily range, reflecting cautious sentiment amid mixed technical signals.
  • US inflation data and currency policy discussions between the US and South Korea continue to weigh on the broader US Dollar.
  • Key technical levels include support around 0.6420 and resistance near 0.6459, with momentum indicators reflecting a neutral bias.

The AUD/USD pair is trading near the lower end of its daily range, reflecting a mixed technical outlook. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, has dipped toward the 100.60 area, pressured by soft US inflation data and speculation about a possible dovish shift from the Federal Reserve (Fed). US officials recently downplayed speculation about a deliberate dollar-weakening strategy, but concerns persist as trade discussions with South Korea suggest room for stronger local currencies. This uncertainty has contributed to broader US Dollar weakness, affecting pairs like AUD/USD.

Technical Analysis

From a technical standpoint, the AUD/USD pair maintains a mixed outlook. The Relative Strength Index (RSI) hovers in the 50s, indicating neutral momentum, while the Moving Average Convergence Divergence (MACD) signals bearish momentum. The Stochastic RSI Fast (3, 3, 14, 14) and Stochastic %K (14, 3, 3) also reflect neutral conditions, with both indicators sitting in the 30s and 40s, respectively. Meanwhile, the 20-day and 100-day Simple Moving Averages (SMAs) provide buy signals, contrasting with the 200-day SMA’s bearish outlook. The 10-day and 30-day Exponential Moving Averages (EMAs) reinforce this split, aligning with the short-term bullish sentiment but conflicting with the longer-term outlook.

Support levels are noted around 0.6420, 0.6415, and 0.6413, while resistance lies near 0.6430 and 0.6459, suggesting the pair is currently caught in a tight range. A breakout above the 0.6459 level could confirm renewed bullish momentum, while a drop below 0.6413 might signal a deeper correction.

Daily Chart

May 15, 2025

Unemployment rate in Australia expected to hold steady at 4.1% in April

The Australian Bureau of Statistics (ABS) will release the April monthly employment report at 01:30 GMT on Thursday. The country is expected to have added 20K new job positions, while the Unemployment Rate is projected to hold steady at 4.1%.
Read more Previous
May 15, 2025

AUD/NZD price analysis: Aussie holds near 1.0900 as bullish tone persists

The AUD/NZD pair held near the 1.0900 zone on Wednesday, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains close to the top of its daily range, suggesting that buyers maintain control despite some mixed momentum signals.
Read more Next