AUD/USD has staged a 3.2% rebound since testing key Expanding Wedge support on 22 Aug, reaching 0.6620 on 9 Sep amid broad USD weakness. The upswing is reinforced by China’s improving core CPI, which signals firmer demand prospects for Australian commodities. With AUD/USD trading above key moving averages and momentum intact, near-term bias remains bullish, eyeing resistance at 0.6640/0.6680 while support holds at 0.6580.
10-09-2025 05:14 GMT
by Kelvin Wong