{"id":437646,"date":"2026-09-07T23:49:46","date_gmt":"2026-09-07T16:49:46","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/audusd-technicals-audusd-pushes-to-a-four-month-high-as-copper-reaches-a-new-record-437646\/"},"modified":"2026-09-07T23:49:46","modified_gmt":"2026-09-07T16:49:46","slug":"audusd-technicals-audusd-pushes-to-a-four-month-high-as-copper-reaches-a-new-record","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/audusd-technicals-audusd-pushes-to-a-four-month-high-as-copper-reaches-a-new-record-437646\/","title":{"rendered":"AUDUSD Technicals: AUDUSD pushes to a four-month high as copper reaches a new record"},"content":{"rendered":"<div>\n<p>The AUDUSD is extending higher, helped by rising commodity prices and renewed strength in copper, which reached another record high today.<\/p>\n<p>Australia is a major commodity exporter, particularly of iron ore, coal and liquefied natural gas. It is also one of the world\u2019s leading copper producers. As a result, the Australian dollar is often viewed as a \u201ccommodity currency.\u201d<\/p>\n<p>When commodity prices rise, Australia\u2019s export revenues and terms of trade can improve. That does not guarantee the Australian dollar will strengthen, but it can provide a fundamental tailwind. Today, that tailwind is helping the AUDUSD extend to its highest level since the middle of May.<\/p>\n<p>Buyers test the next technical ceiling<\/p>\n<p>The AUDUSD has reached 0.7224, taking the pair into an important swing area between 0.7221 and 0.7228. That area has influenced the price going back to April and represents the next key test for buyers.<\/p>\n<\/p>\n<p>A swing area is a zone where the market has previously found support or resistance. Traders watch these areas because previous turning points can attract buyers, sellers and profit-taking when they are revisited.<\/p>\n<p>Getting above 0.7228 is the first step. Staying above it is equally important.<\/p>\n<p>A brief move through resistance followed by a quick reversal would suggest buyers could not maintain control. Conversely, a sustained break above the area would give buyers greater confidence and shift the focus toward the May high at 0.72769.<\/p>\n<p>A longer-term double top is getting closer<\/p>\n<p>The May high at 0.72769 nearly matched the May 2022 high at 0.72823. That creates a significant longer-term double-top area between those two levels.<\/p>\n<\/p>\n<p>Double tops are often viewed as resistance because the market previously reached the same general price area and failed to continue higher. Sellers may use the zone to establish positions, while buyers who entered at lower levels may take profits.<\/p>\n<p>However, a double top is only resistance until it is broken.<\/p>\n<p>If the AUDUSD can move above 0.72823\u2014and remain above that level\u2014the failed ceiling could become a catalyst for additional upside momentum. From a longer-term perspective, that would represent a meaningful bullish breakout and open the door for the market to explore higher levels.<\/p>\n<p>The moving averages define the short-term risk<\/p>\n<p>Although the upside targets are becoming clearer, successful trading is also about knowing where the bullish technical picture would begin to weaken.<\/p>\n<p>For the AUDUSD, the closest risk-defining levels are the rising 100-hour and 200-hour moving averages:<\/p>\n<ul>\n<li>\n<p>100-hour moving average: 0.7183<\/p>\n<\/li>\n<li>\n<p>200-hour moving average: 0.71787<\/p>\n<\/li>\n<\/ul>\n<p>Those moving averages were tested on Friday following the stronger-than-expected US jobs report. The initial fundamental reaction favored the US dollar and pushed the AUDUSD lower. However, the pair found willing buyers against the moving-average support and subsequently rebounded.<\/p>\n<p>That price action was important.<\/p>\n<p>The stronger US data gave sellers an opportunity to take control, but they could not push the price below the key moving averages. In other words, the sellers had their shot and missed. Buyers leaned against the technical support, defined their risk and maintained control of the trend.<\/p>\n<p>What would weaken the bullish bias?<\/p>\n<p>As long as the AUDUSD remains above the rising 100-hour and 200-hour moving averages, the buyers remain in firm control.<\/p>\n<p>A move below the 100-hour moving average would be the first warning that the upside momentum is weakening. However, it would take a sustained break below both moving averages to shift the short-term bias more decisively back toward the sellers.<\/p>\n<p>For traders looking for further upside, the roadmap is relatively straightforward:<\/p>\n<ul>\n<li>\n<p>Hold above the 100-hour and 200-hour moving averages to preserve the bullish bias.<\/p>\n<\/li>\n<li>\n<p>Break and stay above the 0.7221\u20130.7228 swing area to confirm the next upside leg.<\/p>\n<\/li>\n<li>\n<p>Target the longer-term double-top resistance between 0.72769 and 0.72823.<\/p>\n<\/li>\n<li>\n<p>A sustained break above 0.72823 would strengthen the longer-term bullish outlook.<\/p>\n<\/li>\n<\/ul>\n<p>Commodity strength\u2014led by record copper prices\u2014is providing the fundamental support. The technical price action is confirming that story, with the AUDUSD making new multi-month highs and remaining comfortably above its rising hourly moving averages.<\/p>\n<p>Until the pair moves and stays below those moving averages, the buyers remain in control. <\/p>\n<p>In a video above, I outline the key technical levels in play and give additional color commentary for the pair from a technical perspective.<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The AUDUSD is extending higher, helped by rising commodity prices and renewed strength in copper, which reached another record high today. Australia is a major commodity exporter, particularly of iron ore, coal&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-437646","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437646","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=437646"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437646\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}