AUD/USD Approaches Key Resistance Amid Bullish Momentum

Introduction to AUD/USD
The Australian Dollar vs US Dollar currency pair, often referred to as the “Aussie”, represents the exchange rate between Australia’s official currency and the United States dollar. This pair is one of the most traded in the forex market due to its strong link to global commodity prices, risk sentiment, and interest rate differentials between the Reserve Bank of Australia (RBA) and the US Federal Reserve (Fed). Traders watch AUD/USD closely because it reflects both domestic economic conditions and global market trends. The pair’s volatility provides opportunities for both short-term and long-term trading strategies.
AUDUSD Market Overview
The AUD/USD pair is currently trading near 0.6553, sustaining its position within a broader bullish channel on the daily timeframe. In recent sessions, market sentiment has been shaped by upcoming key data releases from both economies. For Australia, traders are awaiting the August employment change and unemployment rate figures scheduled for release on September 18, 2025, which will provide crucial insights into the labor market’s strength. In the US, the focus remains on the Producer Price Index (PPI) and Core PPI data set for September 10, 2025, along with weekly Initial Jobless Claims due on August 21, 2025. Hawkish remarks are also anticipated from FOMC members, including speeches from the St. Louis and Richmond Fed Presidents, which could influence the US dollar’s direction. Short-term sentiment leans slightly bullish for the Aussie due to technical positioning, but volatility is expected around these upcoming releases.
AUD-USD Technical Analysis
On the daily chart, AUDUSD continues to trade within a well-defined bullish channel, forming a pattern of higher highs and higher lows. Although a recent breakout attempt failed, with candles pulling back inside the channel, this suggests that buyers remain committed to the prevailing uptrend. The Keltner Channel shows price action holding above the middle line and nearing the upper band, signaling strengthening bullish momentum. Meanwhile, the Chaikin Oscillator hovers around the 13.615K level, indicating modest accumulation pressure, and the Awesome Oscillator prints a green histogram at -0.00019, reflecting a gradual shift toward positive momentum. Immediate support is seen near 0.6470, while key resistance levels stand at 0.6578—a zone the pair has struggled to clear—and the 0.6700 handle, which could be tested if bullish pressure persists.
Final Words about AUD vs USD
The Australian Dollar vs US Dollar pair maintains a constructive technical structure as long as it remains within the bullish channel on the daily timeframe. A sustained close above 0.6578 could open the path toward the 0.6700 region, while failure to break this resistance may lead to consolidation or a pullback toward 0.6470 support. Traders should closely monitor upcoming Australian labor market data and US inflation figures, as these will be key drivers for short-term direction. The interplay between commodity prices, Fed policy expectations, and RBA sentiment will continue to shape AUD/USD volatility in the coming weeks. Risk management remains essential given the upcoming high-impact events on the economic calendar.
Disclaimer: This AUDUSD analysis, provided by Unitedpips, is for informational purposes only and does not constitute trading advice. Always conduct your own Forex analysis before making any trading decisions.
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