AUD/USD

The Australian Dollar is currently trading in a short-term bearish phase against the US Dollar, with the price of 0.64465 positioned below the key 20-period Simple Moving Average at 0.64787. This placement below the SMA confirms the prevailing downward momentum, indicating that selling pressure has been dominant. The pair has been confined within a tight range, as evidenced by the narrow 24-hour high and low, suggesting a period of consolidation following recent declines. The broader trend remains vulnerable to further losses unless a decisive break above the SMA occurs.

Indicator analysis reveals a bearish bias in the market. The MACD histogram is negative at -0.000484, signaling that the short-term momentum is weaker than the longer-term trend. While the signal line data is unavailable, the negative histogram typically suggests that downward pressure is intact. The absence of RSI data limits the view on potential oversold or overbought conditions, placing greater emphasis on the MACD and price action relative to the moving average for gauging market sentiment.

Critical support is now being tested near the current price and the session low of 0.64428. A break below this level could open a path toward the 0.6420 handle. On the upside, immediate resistance is found at the daily high of 0.64538, with a more significant barrier at the 20-period SMA around 0.6479. A sustained move above this SMA would be necessary to challenge the next resistance and potentially signal a short-term trend reversal.

Given the current technical posture, a cautious approach is warranted. Traders might consider short positions on a break below 0.64420, targeting the next support zone, with a stop above the daily high. For those looking for a rebound, long entries are higher risk but could be justified on a decisive hold above the 20-period SMA, targeting a move toward 0.6490. Risk management is crucial due to the tight range and lack of clear directional momentum.