AUD/USD – Monday, Monday, July 7, 2025.
With the potential for escalation of the global tariff trade war, demand for the USD currency as a safe haven has increased, making AUD/USD potentially depressed today.
Key Levels
1. Resistance. 2 : 0.6595.
2. Resistance. 1 : 0.6574.
3. Pivot : 0.6562.
4. Support. 1 : 0.6541.
5. Support. 2 : 0.6529
Tactical Scenario
Pressure Prone Zone: If the Pivot level of 0.6541 is strong enough to hold back the strengthening retracement that will occur in the near future, then AUD/USD will weaken again down to the level of 0.6529.
Momentum Extension Bias: If 0.6529 is successfully broken and closes below it, then AUD/USD has the potential to continue its weakening back to the level of 0.6508.
Invalidation Level / Bias Revision
Downside bias is held if AUD/USD successfully broken and closes above the level of 0.6595.
Technical Summary
EMA 50 successfully Death Crossed below EMA 200 and RSI (14) which is at the level of 18.40 which means in Strong Bearish conditions confirming that AUD/USD is in a condition of significant weakening.
Economic News Release Agenda:
1. ANZ Job Advertisements m/m - 08:30 WIB.
