Technical analysis of AUD/USD 07/04/2025

The AUD/USD pair on the daily timeframe continues its upward movement within a rising channel.

The price has firmly broken above the 0.6530 level (50% Fibonacci), confirming bullish momentum.

The next resistance is at 0.6630 (61.8% Fibo); a breakout here would open the way toward 0.6940, the projected high.

Support levels are at 0.6530 (50% Fibo), followed by 0.6440 (38.2%) and 0.6350 (23.6%). These zones may contain any pullbacks.

The 100-day and 200-day moving averages are gradually turning upward, and the price is trading confidently above both.

RSI is at 56.7, in neutral territory, with bullish momentum intact.

As long as the price holds above 0.6530, the outlook remains bullish. A breakout above 0.6630 would confirm continuation toward 0.6940.

Created by Joshua Hayn