empty
 
 
07.07.2025 08:52 AM
AUD weakens against USD but there is potential for a temporary strengthening retracement, Monday, July 7, 2025.

AUD/USD – Monday, Monday, July 7, 2025.

With the potential for escalation of the global tariff trade war, demand for the USD currency as a safe haven has increased, making AUD/USD potentially depressed today.

Key Levels

1. Resistance. 2 : 0.6595.

2. Resistance. 1 : 0.6574.

3. Pivot : 0.6562.

4. Support. 1 : 0.6541.

5. Support. 2 : 0.6529

Tactical Scenario

Pressure Prone Zone: If the Pivot level of 0.6541 is strong enough to hold back the strengthening retracement that will occur in the near future, then AUD/USD will weaken again down to the level of 0.6529.

Momentum Extension Bias: If 0.6529 is successfully broken and closes below it, then AUD/USD has the potential to continue its weakening back to the level of 0.6508.

Invalidation Level / Bias Revision

Downside bias is held if AUD/USD successfully broken and closes above the level of 0.6595.

Technical Summary

EMA 50 successfully Death Crossed below EMA 200 and RSI (14) which is at the level of 18.40 which means in Strong Bearish conditions confirming that AUD/USD is in a condition of significant weakening.

Economic News Release Agenda:

1. ANZ Job Advertisements m/m - 08:30 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