Our pivot point is at 0.7049.
Our preference: The upside prevails as long as 0.7049 is support, with 0.7110 and 0.7120 as targets
Alternative scenario: below 0.7049, expect 0.7032 and 0.7022.
Comment: the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 0.7063 and 0.7062). The AUD/USD is trading above its upper Bollinger band (standing at 0.7079).
Supports and resistances:
0.7130 *
0.7120 **
0.7110
0.7088 last
0.7049 **
0.7032 *
0.7022 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 08-12-2026 at 15:09 UTC+1
Price reference: 0.7088 last known on 08-12-2026 at 15:09 UTC+1
Investment horizon: INTRADAY
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