Technical analysis of AUD/USD 04/25/2025
The AUD/USD currency pair on the (1D) timeframe is in a phase of bullish correction.
The pair has confidently climbed to the 0.6430 level, which coincides with the 50% Fibonacci retracement of the previous downtrend. Currently, the price is testing this resistance zone but has not yet managed to break and hold above it.
A breakout and consolidation above the 0.6460 level (50% Fibonacci) would open the path toward the next key resistance area around 0.6550 (61.8% Fibonacci), which is also reinforced by the 200-day moving average (SMA200), increasing the significance of that zone.
The key local low is near the 0.5925 area.
The RSI (14) is currently at 59.6, indicating moderate bullish momentum without entering the overbought zone.
Created by Joshua Hayn
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