Introduction to AUDUSD The AUD-USD pair, also known as the “Aussie,” represents the exchange rate between the Australian dollar and the US dollar. It is one of the most actively traded currency pairs in the forex market due to its high liquidity and close ties to global commodity prices. Traders often follow AUD/USD closely since […]
The post AUD/USD Technical Outlook: Channel Support in Focus appeared first on UnitedPips Ltd.
Introduction to AUDUSD
The AUD-USD pair, also known as the “Aussie,” represents the exchange rate between the Australian dollar and the US dollar. It is one of the most actively traded currency pairs in the forex market due to its high liquidity and close ties to global commodity prices. Traders often follow AUD/USD closely since the Australian economy is highly influenced by exports such as iron ore and coal, while the US dollar reflects broader global risk sentiment. Monitoring the Aussie against the greenback provides valuable insights into both commodity-driven growth and global monetary policy trends.
AUD/USD Market Overview
The AUD USD pair is currently trading within an established bullish channel but showing signs of correction after testing upper resistance levels. The Reserve Bank of Australia (RBA) recently maintained its monetary policy stance, while the market is now looking ahead to the next interest rate decision and statement scheduled for November 4, 2025. Traders will closely watch the RBA’s guidance on inflation and growth, as any hawkish tilt could support the Aussie further. On the US side, Federal Reserve officials, including Raphael Bostic and Susan Collins, are set to deliver speeches that may provide insights into the Fed’s future policy direction, potentially adding volatility to the US dollar. Meanwhile, upcoming releases such as the US House Price Index (Oct 28) and Chicago PMI (Oct 31) could impact dollar strength. In the short term, mixed signals from global economic data suggest that AUD/USD may remain range-bound, with traders eyeing the mid-channel support for cues.
AUD USD Technical Analysis
On the daily chart, AUD/USD has been respecting a clear bullish ascending channel, with price currently correcting lower after failing to sustain above resistance levels. Fibonacci extension levels suggest possible upside targets near 0.6650 (0.618) and 0.6739 (0.786) if bullish momentum resumes. However, if bearish pressure continues, the lower boundary of the channel near 0.6530 could act as the next support level. The Accelerator Oscillator (AO) shows a histogram at -0.00248, suggesting weak but improving momentum. Meanwhile, the Chaikin Oscillator is hovering around -17.657K, indicating lingering selling pressure. Overall, while the long-term trend remains bullish within the channel, short-term weakness may persist unless AUD/USD reclaims higher Fibonacci zones.
Final Words about AUD vs USD
monitor the channel support near 0.6530, as a break below could open the door for deeper corrections. On the upside, reclaiming 0.6650 would strengthen bullish momentum and signal another push towards 0.6739 resistance. The RBA’s upcoming monetary policy decisions and US Federal Reserve commentary will remain key drivers for volatility in the pair. Overall, the Aussie remains resilient, but cautious positioning is recommended given global uncertainty.
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.
The post AUD/USD Technical Outlook: Channel Support in Focus appeared first on UnitedPips Ltd.
Published by:
Liam