Sell the 100-day test
- Entry
- 0.7040–0.7050
- Stop
- 0.7075
- TP 1
- 0.7010
- TP 2
- 0.6985
Broker reviews
Most compared
Popular matchups
More head-to-heads
Daily analysis
All technical analysis →Currency forecasts
Market data
Asia
Africa
United Kingdom
Forex basics
Analysis & strategy
Topic guides
Prop trading
Trade calculators
All trade calculators →Risk & planning
All planning tools →Market data
Find & practise
All broker tools →AUD/USD trades near 0.7028, just under its 100-day average at 0.7037 after three higher closes. Neutral bias between 0.6965 and 0.7047. Levels, trade plans and a 7-day recap.
AUD/USD trades near 0.7028 at 10:00 UTC on Wednesday, 19 pips above Tuesday's 0.7009 close and at its highest level since late September. The pair has closed higher for three sessions in a row, from 0.6920 on 15 October, and now sits just under its 100-day average at 0.7037.
1Three higher closes in a row since the 15 October low at 0.6899.
2Price sits just under the 100-day average at 0.7037.
3A daily close above 0.7050 would open the 50-day average at 0.7080.
Both widgets update in real time, so they may differ from the levels written at 10:00 UTC.
| Indicator | Value | Signal |
|---|
Distance is measured from the price at 10:00 UTC.
Three setups for the next session: sell a test of 0.7040 to 0.7050, buy a confirmed daily close above 0.7050, or buy a dip into 0.6970 to 0.6985 with a stop below 0.6945. The US dollar and risk appetite remain the main drivers, so watch US Treasury yields and stock markets alongside the chart.
AUD/USD tends to move most in two windows: the Sydney and Tokyo morning, when Australian and Chinese data come out, and the London and New York overlap, when US data and Treasury yields take over.
Keep each trade's risk to 1% to 2% of your account, and work out the size with the position size calculator before you enter.
| Market Bias | Entry Zone | Stop Loss | Take Profit 1 | Take Profit 2 | Risk Reward | Possible Gain (pips) |
| Bearish | 0.7040–0.7050 | 0.7075 | 0.7010 | 0.6985 | 1:1.2–2.0 | 35–60 |
| Bullish | Above 0.7050 (close) | 0.7020 | 0.7080 | 0.7110 | 1:1.0–2.0 | 30–60 |
| Bullish | 0.6970–0.6985 | 0.6945 | 0.7025 | 0.7045 | 1:1.5–2.1 | 48–68 |
If the 100-day average holds the price back again, AUD/USD could slip to 0.7010 and then 0.6965. A daily close below 0.6965 would bring the 15 October low near 0.6900 back into view.
A daily close above 0.7050 would clear the 100-day average and the 24 September high, opening 0.7080, where the 50-day average sits. Above that, the pair spent mid-September between 0.7110 and 0.7140.
AUD/USD fell from 0.7142 on 21 September to 0.6907 on 1 October, then spent most of October between 0.6935 and 0.7015. A drop to 0.6899 on 15 October, with a close at 0.6920, was bought straight away, and the pair has closed higher on 16, 19 and 20 October. Price now sits above the 20-day average (0.6979) and just under the 100-day (0.7037), with the 50-day higher at 0.7080.
The 14-day RSI near 50 shows momentum back in balance after the late-September slide. The test now is whether buyers can clear the 0.7031 to 0.7047 zone, where the 100-day average meets the 24 September high. Every rally since late September has stopped below that average.
AUD/USD rose 21 pips over the last seven trading days, from 0.6988 to 0.7009, with four higher closes and three lower ones. The low came on 15 October, when the pair lost 60 pips to close at 0.6920 after touching 0.6899, but it won all of that back by Tuesday, when its 0.7009 close was the best since 28 September.
| Date | Open | High | Low | Close | Change |
| Mon 12 Oct | 0.6987 | 0.6996 | 0.6957 | 0.6958 | −30 pips (−0.43%) |
| Tue 13 Oct | 0.6958 | 0.6989 | 0.6953 | 0.6986 | +28 pips (+0.40%) |
| Wed 14 Oct | 0.6985 | 0.7015 | 0.6953 | 0.6980 | −6 pips (−0.09%) |
| Thu 15 Oct | 0.6980 | 0.6980 | 0.6899 | 0.6920 | −60 pips (−0.86%) |
| Fri 16 Oct | 0.6921 | 0.6970 | 0.6921 | 0.6949 | +29 pips (+0.42%) |
| Mon 19 Oct | 0.6974 | 0.6995 | 0.6964 | 0.6985 | +36 pips (+0.52%) |
| Tue 20 Oct | 0.6985 | 0.7019 | 0.6974 | 0.7009 | +24 pips (+0.34%) |
| 7-day total | 0.6987 | 0.7019 | 0.6899 | 0.7009 | +21 pips (+0.30%) |
UK inflation set the tone on Wednesday morning. The ONS said consumer prices rose 3.5% in the year to September, up from 3.1%, with core inflation at 2.8% and services at 3.7%, and motor fuels did most of the lifting. Overnight, Japan's Ministry of Finance reported a September trade deficit of ¥536.6 billion as fuel imports rose 39.4%, and later Statistics South Africa put inflation at 4.5%. The dollar index traded near 101.77 at 10:00 UTC, close to Tuesday's 101.79 close, after the US Treasury put the 10-year yield at 5.12% on Tuesday, down from 5.15% on Monday. The Fed decides on 28 October. For the Aussie, the bigger picture is the rate gap: the Reserve Bank of Australia's cash rate target is 4.60% after a rise that took effect on 30 September, against a Fed range of 3.75% to 4.00%.
The main outside risks for AUD/USD are a sharp fall in global stock markets, which tends to send money back into the US dollar, and any disappointment in Chinese data, which can hit demand for Australian exports. Either can push the pair out of its recent range quickly.
AUD/USD is neutral to slightly positive, back above the 20-day average after three higher closes but just under the 100-day average at 0.7037. A daily close above 0.7050 targets 0.7080; a close below 0.6965 targets 0.6900. With the Fed deciding on 28 October and the RBA on 3 November, expect wider swings into those meetings.
The Aussie has recovered the whole 15 October drop, but every rally since late September has stopped below the 100-day average.
“I would sell a first test of 0.7040 to 0.7050 with a stop above 0.7075, and turn buyer only on a daily close above 0.7050. On a pullback, I would buy 0.6970 to 0.6985 with a stop under 0.6945.”
Tanbir Habib Riyad, Forex & Crypto Analyst, FX Recap
Disclaimer: this analysis is for educational purposes only and is not financial advice. Forex trading carries a high risk of losing money quickly. Prices quoted are as of 21 October 2026, 10:00 UTC.
The team behind this guide
Researched, checked and approved by five forex specialists
Every guide is written, fact-checked and edited before it goes live, and updated when the facts change. Spotted an error? Tell us.