AUD\/USD rose to 0.6938 rather than moving lower, but the move lacked follow-through. In the near term, it is expected to trade between 0.6890 and 0.6940.<\/p>\n
Over a one- to three-week period, the pair is projected to remain within a wider 0.6835 to 0.6955 range. The broader technical view still points to downside risk.<\/p>\n
If AUD\/USD breaks the 0.6850 to 0.6870 support area, it may move down towards 0.6765. The report notes the article was produced using an AI tool and reviewed by an editor.<\/p>\n
The Australian dollar’s advance has not gathered much momentum, so we expect it to trade in a range between 0.6890 and 0.6940 in the coming days. The latest US inflation data from late March came in slightly higher than expected at 2.9%, making the US dollar more attractive and capping any significant Aussie gains. This suggests a sustained move above the 0.6955 resistance level is unlikely in the near term.<\/p>\n
We have seen a significant shift in central bank outlooks since the last rate adjustments back in 2025. The Reserve Bank of Australia’s latest meeting minutes from April 1st signaled a clear easing bias, with markets now pricing in a 60% chance of a rate cut by August. This contrasts with the Federal Reserve, which appears comfortable holding rates steady for now.<\/p>\n
Adding to the pressure, key commodity prices have weakened, with iron ore recently dipping below $100 per tonne for the first time this year on revised Chinese growth forecasts. This is a significant change from the stronger demand we saw for most of 2025, removing a key support for the currency. The overall environment points to a lower AUD\/USD over the next one to three weeks.<\/p>\n
For traders, this suggests positioning for a potential breakdown. Buying put options with a strike price near 0.6850 offers a way to capitalize on a breach of this key support zone. Selling out-of-the-money call spreads above 0.6955 could also be an effective strategy to collect premium while the pair remains range-bound with a downward bias.<\/p>\n
The critical level to watch is the 0.6850\/0.6870 support area. A decisive break below this could trigger a sharp decline toward our next target of 0.6765. This move could accelerate if this month’s Australian employment figures show any unexpected weakness.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" AUD\/USD climbed to 0.6938 but stalled; near-term 0.6890\u20130.6940, broader range 0.6835\u20130.6955 amid downside risk.<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-46797","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/46797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=46797"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/46797\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=46797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=46797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=46797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}