AUD/USD (4H) hits channel’s floor
Overview: AUD/USD tumbled to a two-month low of 0.6977 during Tuesday's Asian session, surrendering the fight to push past the 20-period SMA at 0.7020. While this sharp pullback and bearish SMA crossovers indicate that the downtrend from September’s peak of 0.7236 remains firmly intact, a brief reprieve cannot be ruled out as the pair rests against the channel's lower boundary.
Momentum: The RSI and stochastic indicators continue drifting downward in bearish territory, yet both have reached oversold levels, hinting that a turning point might be near.
Bearish scenario: A close below 0.6965 could resurface selling interest, pulling price toward 0.6945 before accelerating toward critical support at 0.6900.
Risk: Conversely, a bounce back above 0.7000 could ignite the next recovery attempt.
Higher Yields Reshape Currency Markets | 1st October, 2026
AUDUSD Falls Below 0.6965 as Australia CPI Weakness Raises RBA Concerns
Fed Rate Bets Pressure Major Currencies | 29th September, 2026
Weekly Technical Analysis – OIL, GOLD, AUDUSD
US Payrolls and RBA Decision Put Gold, USDX and AUDUSD in Focus
Central-Bank Divergence Reshapes Global FX as Risk Appetite Improves | 22nd September, 2026
AUD/USD Holds Above 0.7100 as Traders Await RBA Policy Decision
