empty
 
 
02.07.2025 08:58 AM
Can AUD/USD test its nearest Resistance level, Wednesday, July 2, 2025.

AUD/USD – Wednesday, July 2, 2025

The AUD/USD currency pair was boosted up by the weakening of the Greenback due to the uncertainty of the tariff war and the push for the Fed to lower its interest rates

Key Levels

1. Resistance. 2 : 0.6614.

2. Resistance. 1 : 0.6600.

3. Pivot : 0.6578.

4. Support. 1 : 0.6564.

5. Support. 2 : 0.6542.

Tactical Scenario

Positive Reaction Zone: If AUD/USD successfully breaks through and closes above the 0.6600 level, it has the potential to strengthen towards 0.6614.

Momentum Extension Bias: If the 0.6614 level is successfully broken through and closes above it, AUD/USD has the potential to continue to 0.6636.

Level Invalidation / Bias Revision

Upside bias becomes invalid and automatically canceled if AUD/USD breaks through and closes below the 0.6542 level.

Technical Summary

The EMA 20 position is above the EMA 50 and the RSI(14) is at the Neutral Bullish level (57.40) and the AUD/USD price movement is above the Pivot Level, giving the opportunity for strengthening in AUD/USD.

Economic News Release Agenda:

1. US ADP Non-Farm Payroll - 19:15 WIB.

2. US Crude Oil Inventories - 21:30 WIB.

This image is no longer relevant

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback