Can AUD/USD test its nearest Resistance level, Wednesday, July 2, 2025.
Technical analysis
2025-07-02 06:58:18
AUD/USD – Wednesday, July 2, 2025
The AUD/USD currency pair was boosted up by the weakening of the Greenback due to the uncertainty of the tariff war and the push for the Fed to lower its interest rates
Key Levels
1. Resistance. 2 : 0.6614.
2. Resistance. 1 : 0.6600.
3. Pivot : 0.6578.
4. Support. 1 : 0.6564.
5. Support. 2 : 0.6542.
Tactical Scenario
Positive Reaction Zone: If AUD/USD successfully breaks through and closes above the 0.6600 level, it has the potential to strengthen towards 0.6614.
Momentum Extension Bias: If the 0.6614 level is successfully broken through and closes above it, AUD/USD has the potential to continue to 0.6636.
Level Invalidation / Bias Revision
Upside bias becomes invalid and automatically canceled if AUD/USD breaks through and closes below the 0.6542 level.
Technical Summary
The EMA 20 position is above the EMA 50 and the RSI(14) is at the Neutral Bullish level (57.40) and the AUD/USD price movement is above the Pivot Level, giving the opportunity for strengthening in AUD/USD.
Economic News Release Agenda:
1. US ADP Non-Farm Payroll - 19:15 WIB.
2. US Crude Oil Inventories - 21:30 WIB.
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