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Australian Dollar ($AUD/USD) Forex Forecast: Down 0.2% Today

Morpher AI identified a bearish signal. The forex price may continue to fall based on the momentum of the negative news.

What is Australian Dollar?

The AUD/USD currency pair represents the exchange rate of the Australian Dollar (AUD) against the US Dollar (USD). The Australian Dollar is often viewed as a commodity currency due to Australia's significant exports of natural resources.

Why is Australian Dollar going down?

AUD/USD forex is down 0.2% on Jan 29, 2026 15:43

  • The bearish movement in the AUD/USD pair today is attributed to profit-taking by traders after a sustained period of gains.
  • Positive Australian inflation data strengthening the outlook for a potential rate hike by the Reserve Bank of Australia (RBA) likely contributed to the recent bullish momentum.
  • The market may have reacted to the Federal Reserve's interest rate decision, causing some investors to reevaluate their positions in the AUD/USD pair.
  • Despite the recent bearish movement, the overall sentiment remains cautiously optimistic, with the potential for further gains highlighted by analysts at UOB Group, albeit with a note of caution regarding overbought conditions.

AUD/USD Price Chart

AUD/USD Technical Analysis

AUD/USD News

AUD/USD gains as Australian inflation data strengthens RBA rate hike outlook

AUD/USD trades around 0.7050 on Thursday at the time of writing, up 0.25% on the day, extending a positive momentum fueled by renewed optimism surrounding monetary policy in Australia.

https://www.fxstreet.com/news/aud-usd-gains-as-australian-inflation-data-strengthens-rba-rate-hike-outlook-202601291046

0 News Article Image AUD/USD gains as Australian inflation data strengthens RBA rate hike outlook

AUD/USD rises to near 0.7050 as RBA rate hike bets increase

AUD/USD extends its gains for the third successive session, trading around 0.7040 during the Asian hours on Thursday.

https://www.fxstreet.com/news/aud-usd-rises-to-near-07050-as-rba-rate-hike-bets-increase-202601290116

1 News Article Image AUD/USD rises to near 0.7050 as RBA rate hike bets increase

AUD/USD little changed as markets digest Fed interest rate decision

The Australian Dollar (AUD) trades slightly lower against the US Dollar (USD) on Wednesday, with AUD/USD stuck in a narrow intraday range as traders show a muted reaction to the Federal Reserve’s (Fed) monetary policy announcement.

https://www.fxstreet.com/news/aud-usd-little-changed-as-markets-digest-fed-interest-rate-decision-202601281946

2 News Article Image AUD/USD little changed as markets digest Fed interest rate decision

AUD/USD trades flat near 0.7000 as markets await Fed decision

The Australian Dollar (AUD) is trading sideways against the US Dollar (USD) on Wednesday, as the Greenback finds some footing ahead of the Federal Reserve’s interest rate decision due at 19:00 GMT.

https://www.fxstreet.com/news/aud-usd-trades-flat-near-07000-as-markets-await-fed-decision-202601281505

3 News Article Image AUD/USD trades flat near 0.7000 as markets await Fed decision

AUD/USD: Potential for further gains – UOB Group

The UOB Group report by Quek Ser Leang and Lee Sue Ann highlights that the Australian Dollar is likely to continue its upward trajectory, with potential resistance at 0.7050. The report notes that while further strength is anticipated, overbought conditions may limit the extent of the rally.

https://www.fxstreet.com/news/aud-usd-potential-for-further-gains-uob-group-202601280754

4 News Article Image AUD/USD: Potential for further gains – UOB Group

Australian Dollar Price History

29.00.2026 - AUD/USD Forex was down 0.2%

  • The bearish movement in the AUD/USD pair today is attributed to profit-taking by traders after a sustained period of gains.
  • Positive Australian inflation data strengthening the outlook for a potential rate hike by the Reserve Bank of Australia (RBA) likely contributed to the recent bullish momentum.
  • The market may have reacted to the Federal Reserve's interest rate decision, causing some investors to reevaluate their positions in the AUD/USD pair.
  • Despite the recent bearish movement, the overall sentiment remains cautiously optimistic, with the potential for further gains highlighted by analysts at UOB Group, albeit with a note of caution regarding overbought conditions.

10.09.2025 - AUD/USD Forex was down 0.8%

  • The AUD/USD pair experienced a strong bearish movement today, likely due to the overall weakness in the Australian Dollar.
  • Cautious remarks from RBA Governor Michele Bullock provided some support to the Australian Dollar recently, but the overall sentiment seems to be bearish.
  • The pair steadied around 0.6580 after hitting a weekly low, but the increasing downward momentum suggests a potential further decline towards the 0.6555 support level.
  • Despite expectations of a narrower trading range, the overall outlook for the AUD/USD pair remains bearish, with a potential test of lower support levels in the near future.

05.07.2024 - AUD/USD Forex was down 0.8%

  • The bearish movement in the AUD/USD pair today may be linked to profit-taking by investors following recent gains.
  • Anticipation surrounding key economic data, especially Australian inflation data, could have spurred increased volatility and selling pressure on the pair.
  • The AUD's 3% decline against the USD in the last fortnight likely played a role in the bearish sentiment and technical selling seen in the market.
  • Today's market activity seems to be a result of a mix of profit-taking, economic data anticipation, and recent downward pressure on the Australian dollar.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.