Oh man, AUD/USD is on a wild ride lately, huh? That big ol’ drop because of those U.S. Liberation Day tariffs? Ouch. But guess what? It’s bouncing back like a champ. Now it’s butting heads with this resistance level, and it’s not just any ol’ line—it’s been the big baddie ceiling for most of 2025.
So, here’s the big question we’re all scratching our heads over: is this baby gonna bust out and go all bullish in the next few days? Maybe. Maybe not. The suspense is real, folks.
There’s a pic somewhere up there (or here?) showing the struggle—our daring duo trying to break free, ala a classic forex saga, starring AUD and USD. All eyes on iron ore and base metals since they’ve suddenly decided to do a little comeback tour, thanks to China cranking up their factories. That’s, like, good news for the Aussie dollar. Meanwhile, the RBA (that’s the Reserve Bank of Australia, not some rock band) is sitting tight on interest rates. Rumor has it the Fed might chop theirs soon, so the Aussie’s feeling all confident and whatnot.
The U.S. dollar, however, is kinda in the dumpster right now, thanks to the chaos that is trade disputes. But plotting twist, Trump does a 90-day tariff timeout (not with China though—because why make it easy, right?). This, in turn, gives currencies like the Aussie a breather. Then China’s all chill saying they don’t want more trade drama, which visibly calms the hot soup of market emotions.
Pro-tip: if you’re serious about this game, you gotta check out the economic calendar and get all up-to-date with the stuff going down in the U.S and Aussie land.
Now, back to the action—AUD/USD scaling above the 100 SMA, but don’t get too giddy. Yeah, short-term momentum is looking sorta sunny, but those long-term moving averages are still pointing downhill. So, we ain’t out of the bear woods just yet.
If our hero manages to keep afloat above that .6400 line, it might push ahead to R2 at .6479 near the 200 SMA. But plot twist possibilities if it hits the resistance wall and gets shoved back down, it could skid right back to that .6300 line. Worst-case? It dives to the S1 at .6159.
So, plot your moves wisely. And for the love of those metaphorical dollar bills, practice that risk management mumbo jumbo. Keep your eyes peeled for those market-altering, earth-shaking events that could flip the script in this forex drama.
