AUD/USD

The pair faces a binary event today: a hawkish FOMC hold or rate-cut pause signal could push USD strength through 0.6960 support, while a dovish tilt combined with Australia's cooler June CPI (3.8% vs 4.0% prior) could finally breach the 0.7038–0.7057 SMA cluster overhead.

AUD/USD is consolidating at the key 0.7000 psychological level, trapped between the 200-day SMA support at 0.6901 and the cluster of 55-day/100-day SMA resistance at 0.7038–0.7057, with the FOMC decision today acting as the decisive near-term catalyst.

Main Risk

FOMC Rate Decision — July 29, 2026

A hawkish Fed hold or signal of rate-cut delays would strengthen the USD broadly, driving AUD/USD below the 0.6960 horizontal support and targeting the 200-day SMA at 0.6901.