AUDUSD Surges: Key Resistance and Technical Patterns Signal Next Bullish Move, August 5, 2026
Over the past three trading days, AUDUSD demonstrated a clear upward trajectory, rising steadily from the 0.70 mark to close yesterday at 0.7046. The market sentiment was influenced by the U.S. Federal Reserve policy shifts and yen interventions that weakened the US dollar, benefiting the Australian dollar and pushing its weekly close to a seven-week high. Despite a tech-sector selloff denting risk appetite temporarily, the Australian dollar’s fundamentals remain supported by a hawkish RBA and strong commodity prices. For the average investor, this suggests potential for continued USD selling pressure against AUD, with key resistance levels crucial for the next move.


