empty
09.06.2025 02:51 PM
AUD/USD. Analysis and Forecast

This image is no longer relevant

At the beginning of the new trading week, the AUD/USD pair is showing steady upward momentum, recovering from a slight pullback and once again approaching the highs seen in November 2024.The Australian dollar is primarily supported by improved sentiment amid the resumption of trade negotiations between the U.S. and China — Australia's key trading partners. This strengthens demand for the Australian dollar, given its sensitivity to the Chinese economy.

Optimism is further bolstered by the upcoming meeting between high-ranking U.S. officials and China's Vice Premier He Lifeng in London. Positive signals that emerged after the phone conversation between U.S. President Donald Trump and Chinese President Xi Jinping are also fueling expectations of progress in the trade dialogue. This provides additional support for the Australian currency, despite weak macroeconomic data from China, including a decline in consumer inflation and a drop in imports.

On the other hand, the U.S. dollar remains under pressure despite strong U.S. employment data released on Friday. Although the number of new jobs in May exceeded expectations, the stable unemployment rate and wage growth failed to significantly alter market expectations regarding a Fed rate cut. Moreover, political pressure from President Trump on the Fed for aggressive rate cuts, along with concerns over U.S. fiscal sustainability, continue to cap the dollar's growth potential.

This image is no longer relevant

Thus, the overall fundamental backdrop favors further strengthening of the AUD/USD pair. The absence of significant U.S. economic releases on Monday means traders will focus primarily on news related to the trade negotiations. Any positive headlines could contribute to further gains for the pair.

From a technical standpoint, the move above the psychological level of 0.6500 and positive oscillators on the daily chart favor the bulls. A subsequent breakout above the annual high around the 0.6540 level would confirm the positive outlook, paving the way for a move toward the 0.6600 level and beyond.

Conversely, any corrective decline below the psychological level of 0.6500 and the support zone around 0.6470 can be seen as a buying opportunity, likely remaining limited by the 0.6400 level. The next significant support is located around 0.6360, and a decisive break below this area would shift the short-term bias in favor of the bears.

Nevertheless, as long as oscillators remain positive across all timeframes, the path of least resistance for the pair remains upward.

Irina Yanina,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD Overview – June 30: Nonfarm Payrolls, Powell, and Unemployment

The GBP/USD currency pair rose by 300 pips over the past week and appears to be in no hurry to stop. Even on Friday, the price failed to initiate

Paolo Greco 03:37 2025-06-30 UTC+2

EUR/USD Overview – June 30: European Inflation and Another Round of Lagarde Speeches

The EUR/USD currency pair has been rising for five consecutive months. During this time, we've only seen a few minor downward corrections, each ending in another collapse of the U.S

Paolo Greco 03:37 2025-06-30 UTC+2

U.S. Dollar – Weekly Preview

The American news background will once again play a key role for the dollar and, therefore, for the market and the vast majority of instruments. This past week, only

Chin Zhao 00:34 2025-06-30 UTC+2

British Pound – Weekly Preview

The situation for the British pound in the market and news landscape is quite similar. For the pound, two rate cuts by the Bank of England in 2025 or zero

Chin Zhao 00:34 2025-06-30 UTC+2

Euro Currency – Weekly Preview

In the upcoming week, the euro is expected to maintain demand in the market. Currently, all events are aligning in its favor. I previously wrote that only the wave structure

Chin Zhao 00:33 2025-06-30 UTC+2

EUR/USD – Weekly Preview: ISM Indexes, Nonfarm Payrolls, Eurozone Inflation, and "One Big Beautiful Bill"

The upcoming week promises to be both interesting and informative while also being volatile. The economic calendar is packed with major releases that could trigger heightened volatility in the EUR/USD

Irina Manzenko 00:33 2025-06-30 UTC+2

The Yen Has Lost Its Bullish Momentum

The Consumer Price Index (CPI) in the Tokyo region declined in June from 3.4% to 3.1% year-over-year, marking the first signal so far that may indicate a slowdown in price

Kuvat Raharjo 12:21 2025-06-27 UTC+2

EUR/JPY. Analysis and Forecast

The EUR/JPY pair is regaining positive momentum during today's trading session, reversing its recent decline.The euro continues to benefit from the prevailing sentiment of selling the U.S. dollar

Irina Yanina 12:17 2025-06-27 UTC+2

Inflation in Canada Remains Too High – USD/CAD May Accelerate Its Decline

Inflation in Canada remains too high to expect a rate cut by the Bank of Canada at its upcoming meeting. In April, inflation sharply slowed to 1.7% y/y, and most

Kuvat Raharjo 11:16 2025-06-27 UTC+2

XAU/USD. Analysis and Forecast

Gold is drawing renewed selling interest today after breaking below the key $3300 level. Traders are awaiting the release of the U.S. Personal Consumption Expenditures (PCE) Price Index, which

Irina Yanina 10:47 2025-06-27 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.