AUD/USD chart - Trading View
AUD/USD extending upside for the 6th straight session, gains momentum above 0.65 handle to hit fresh 6-week high.
Aussie bulls cheer upbeat Australian Q1 CPI data released earlier today. Broad-based US dollar weakness also underpins the spot.
AUD/USD was trading 0.62% higher on the day at 0.6530 at 03:50 GMT after closing 0.40% higher in the previous session.
Momentum studies strongly bullish as evidenced by upside biased Stochs and RSI. Volatility is rising as evidenced by widening Bollinger bands.
Analysis of GMMA indicator shows major trend is turning slightly bullish, while minor trend is strongly bullish.
As the pair breaks above the 110-EMA resistance at 0.6506, scope rises for further upside. Next major hurdle lies at 20W SMA at 0.6554.
Break above 20W SMA could target 76.4% Fib at 0.6675. Bullish invalidation only below 55-EMA.
Key catalysts to watch out:
Today's U.S. FOMC meeting, U.S. GDP, Thursday’s Chinese official PMI data and U.S. jobless claims and Friday's U.S. ISM Manufacturing PMI.


US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: EUR/AUD downward momentum remains in place
2025 Market Outlook: Key January Events to Watch
FxWirePro: USD/JPY edges higher but bulls lack punch
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Wall Street Analysts Weigh in on Latest NFP Data
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro- Major Pair levels and bias summary
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 



