FX.co ★ AUD/USD

AUD/USD Analysis – Key Range in Focus (June 7, 2025) The AUD/USD pair continues to trade in a tightly defined range as markets digest recent price action and await new catalysts. As seen in the 1-hour chart, price has been oscillating between a clear support at 0.64822 and resistance near 0.65000, forming a horizontal consolidation zone after failing to sustain bullish momentum above 0.65200 earlier in the week. Currently trading at 0.64931, AUD/USD shows a mild bearish bias as it sits near the lower bound of the range. Volume remains relatively muted except for a few spikes, suggesting a lack of strong conviction in either direction at the moment. The Relative Strength Index (RSI) is hovering around 46.57, slightly below the neutral 50 level, which implies a slight tilt toward bearish sentiment. However, it's worth noting that RSI is not in oversold territory, indicating that the pair may continue ranging unless stronger momentum develops. Technically, the 0.65000 level is acting as a psychological resistance, which has been tested multiple times without a successful breakout. This suggests that buyers are struggling to regain control unless a significant bullish catalyst emerges. On the flip side, 0.64822 remains a key support, with price repeatedly bouncing off this level, making it a critical line for short-term bulls to defend. Looking ahead, a break and close above 0.65000 could open the path toward the recent highs near 0.65400, while a decisive move below 0.64822 might trigger a short term sell off toward 0.64500 or even lower. Traders should keep an eye on macroeconomic data releases from both Australia and the U.S., as well as any shifts in sentiment surrounding global risk appetite, which can heavily influence AUD/USD due to its sensitivity to commodity prices and market risk dynamics. In conclusion, while the current range offers opportunities for short-term range traders, a breakout on either side of this consolidation zone could set the tone for the next directional move. Patience is key, and confirmation is crucial before entering new positions in this tightly coiled market.