{"id":435458,"date":"2026-08-05T13:03:05","date_gmt":"2026-08-05T06:03:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/aud-usd-next-in-line-for-a-technical-breakout-435458\/"},"modified":"2026-08-05T13:03:05","modified_gmt":"2026-08-05T06:03:05","slug":"aud-usd-next-in-line-for-a-technical-breakout","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/aud-usd-next-in-line-for-a-technical-breakout-435458\/","title":{"rendered":"AUD\/USD next in line for a technical breakout?"},"content":{"rendered":"<div>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The softer inflation data at the end of July dampened hopes of a RBA rate hike this month and that dragged AUD\/USD down for a bit last week. But with USD\/JPY intervention keeping things interesting, the dollar fell across the major currencies space and helped to see a bounce in AUD\/USD. That before the breakout in Wall Street yesterday gave more impetus for the currency pair to try and push for a stronger upside break above 0.7000.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The jump higher yesterday erased the losses from Monday and puts the focus back on the 100-day moving average (red line):<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p style=\"text-align: justify\" class=\"text-align-justify\">[AUD\/USD daily chart]<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The currency pair has been in a bit of a bind in the past two months, trending between the key daily moving averages. But with hopeful optimism surrounding US-Iran developments, bond yields coming off the boil, and equities looking to go on a tear, is it all coming together to help see AUD\/USD break out to the upside?<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">All eyes will be on the 100-day moving average, seen at 0.7050 currently. A firm break above that will free up room to run towards 0.7200 next with the May highs at 0.7250-77 eyed next.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The technical breakout in Wall Street might just be the right catalyst to facilitate that, especially with the dollar still in limbo after the USD\/JPY joint intervention.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">That being said, just be wary though that August has typically been the worst month for AUD\/USD in the past two decades. However, that still hasn&#8217;t stopped the aussie from defying the seasonal trend in each of the past two years during August trading.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The softer inflation data at the end of July dampened hopes of a RBA rate hike this month and that dragged AUD\/USD down for a bit last week. But with USD\/JPY intervention&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435458","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435458"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435458\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}