AUD/USD: Down 0.05% to 0.7022 — Ascending Channel
· Forex · MarketsFN Team
AUD/USD: Down 0.05% to 0.7022 — Ascending Channel
Published: July 31, 2026 · MarketsFN Team · US Session
| Pair | Rate | Change | RSI(14) | SMA-20 | SMA-50 | 52W High | 52W Low | Pivot | R1 | S1 |
|---|---|---|---|---|---|---|---|---|---|---|
| AUD/USD | 0.7022 | -0.05% | 67.9 | 0.6973 | 0.7008 | 0.7256 | 0.6418 | 0.7001 | 0.7057 | 0.6970 |
📊 Support & Resistance Levels
Dynamic Trendlines
| Level | Type | Direction | Distance |
|---|---|---|---|
| 0.6924 | 20d Support | → flat | -1.40% / 98.5 pips |
| 0.7044 | 20d Resistance | ↗ ascending | +0.31% / 21.6 pips |
| 0.6766 | 50d Support | ↘ descending | -3.64% / 255.9 pips |
| 0.7044 | 50d Resistance | ↘ descending | +0.31% / 21.7 pips |
Static Levels
| Level | Type | Touches | Distance |
|---|---|---|---|
| 0.6978 | Support | 2× | -0.63% / 44.0 pips |
| 0.6907 | Support | 2× | -1.64% / 115.4 pips |
| 0.6482 | Support | 2× | -7.70% / 540.8 pips |
AUD/USD is trading at 0.7022 (-0.05%) as it continues to show strength above its moving averages, with the rate positioned above both the 20-day SMA at 0.6973 and the 50-day SMA at 0.7008. This indicates an uptrend in the short term. The dynamic channel is currently ascending, with the nearest dynamic support trendline at 0.6924, which is 98.5 pips below the current rate, and the dynamic resistance trendline at 0.7044, just 21.6 pips above.
In terms of static levels, the closest support level is S1 at 0.6978, which is 44.0 pips away, while the nearest resistance level is R1 at 0.7057, located 35.0 pips above the current price. The RSI(14) is at 67.9, indicating that the market is in neutral territory, suggesting that while there is upward momentum, the currency pair is not yet overbought.
Looking ahead, the short-term outlook for AUD/USD remains positive as it trades within an ascending channel, supported by the proximity to key resistance levels. A break above the dynamic resistance at 0.7044 could signal further bullish momentum, while a drop below the dynamic support at 0.6924 would invalidate this positive trend. Traders should watch for price action around these key levels to gauge the next directional move.
Disclaimer
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