What is the AUD/USD forecast today?

The AUD/USD trades near 0.69914 in the London session with a neutral technical bias. Price faces immediate resistance at 0.7 and support at 0.69845, with the daily pivot at 0.70192 anchoring the near-term outlook.

How will US economic data impact AUD/USD today?

Today's US calendar includes the Housing Price Index at 13:00 UTC and JOLTS Job Openings at 14:00 UTC. The session is heavily populated by Federal Reserve speeches, which could shift US dollar expectations and influence the currency pair.

What are the key technical levels for AUD/USD?

The pair is currently trading below the daily pivot of 0.70192. Critical support lies at the S2 level of 0.69845, while a break above the R1 trigger at 0.70347 would open a bullish target at 0.70539.

AUD/USD Forecast Today: Key Support Tested Ahead of Fed Speakers

Daily outlook Neutral bias Sep 29, 2026, 07:43 UTC

Daniel TanAsia-Pacific Market Analyst · ForexR analyst

AUD/USD trades lower at 0.69914 during the London session, testing nearby support at 0.69845. The technical bias remains neutral as shorter-term downtrends conflict with a mixed daily picture.

Forex trader analyzing market charts to plan commodities exchange on multi monitor workstation. Financial inve

Price0.69914

Day change-0.34%

Day range0.69773 - 0.70278

ATR (14)0.00442

Resistance	Level	Support	Level
R3	0.70694	S1	0.70000
R2	0.70539	S2	0.69845
R1	0.70347	S3	0.69653
Previous day high	0.70383	Previous day low	0.70036
20-day high	0.72369	20-day low	0.70029
Daily pivot 0.70192. Data as of 2026-09-29 07:24 UTC; price from a live feed, levels computed from the previous completed daily bar.

AUD/USD 1-hour chart with the daily pivot at 0.70192, R1 0.70347, R2 0.70539, S1 0.70000, S2 0.69845 and the bullish and bearish scenario paths — AUD/USD, 1-hour candles with the daily pivot levels, the range between nearest support and resistance, and both scenario paths. Data as of 2026-09-29 07:24 UTC.

Where AUD/USD stands now

Trading into the London session, AUD/USD stands at 0.69914, down 0.34% on the day. The pair has marked a day high at 0.70278 and a day low at 0.69773. This intraday span covers 50.5 pips, which exceeds the 14-day average true range of 44.2 pips at 114%, indicating elevated volatility for the current session.

Trend and momentum

The technical signals present a conflicting picture, leaving the overall bias neutral. On the daily timeframe, the trend is mixed with price positioned above the 200-day exponential moving average at 0.69664. The daily 20-day EMA sits at 0.70975, and the 50-day EMA is located at 0.70925. In contrast, the shorter timeframes exhibit clear weakness, as both the four-hour and one-hour charts maintain a downward trend. Daily momentum reflects this pressure, with the 14-period relative strength index reading 34.5.

Levels that matter

Immediate support rests just below the market at the S2 level of 0.69845, located 6.9 pips away. To the upside, the nearest resistance is S1 at 0.7, sitting 8.6 pips from current action. The daily pivot point anchors the broader technical landscape at 0.70192.

Looking at recent sessions, yesterday defined a previous day high at 0.70383 and a previous day low at 0.70036. Expanding the view, the 5-day range shows a high at 0.71249 and a low at 0.70029. The broader 20-day window stretches from a high of 0.72369 down to a low of 0.70029. Institutional round levels position support below at 0.695 and resistance above at 0.7.

Bullish scenario and bearish scenario

A bullish reversal requires a clear break above the R1 resistance trigger at 0.70347. Clearing this threshold opens the path toward the R2 target at 0.70539. A retreat back below the daily pivot at 0.70192 would invalidate this upward view.

On the downside, the bearish scenario hinges on a drop through the S2 trigger at 0.69845. Falling past this level clears the way toward the S3 target at 0.69653. A rebound above the daily pivot at 0.70192 would act to invalidate this bearish structure.

What could move it today

A heavy slate of Federal Reserve speakers dominates today's economic calendar, starting with Musalem at 11:30 UTC. US data follows, featuring the Housing Price Index at 13:00 UTC with an estimate of 0.1 against a previous 0, and JOLTS Job Openings at 14:00 UTC expecting 7.23 from a prior 7.271. Consumer Confidence also prints at 14:00 UTC. The afternoon brings a procession of Fed commentary: Bowman at 15:00 UTC, Barr at 16:40 UTC, Goolsbee at 17:00 UTC, Williams at 18:00 UTC, and Waller at 19:00 UTC. Tomorrow, Australian data moves into focus with Building Permits, the Consumer Price Index, and Trimmed Mean CPI scheduled for 01:30 UTC.

The current newsflow centers on the aftermath of the recent Reserve Bank of Australia decision and the pair's tests of key support levels, as reported by Forexcom and FX Street. News sentiment leans positive with a 69% bullish share and a media mood score of 100, though the independent opportunity reading flags a bearish score of -27.

In the futures market, as of the week to September 22, speculators added to net short AUD/USD positioning. As broader context for the dollar, US Treasury yields closed on September 28 with the 2-year yield at 4.92%, up 11 basis points, and the 10-year yield at 5.24%, up 7 basis points.

Bottom line

The Australian Dollar trades heavily near the 0.69914 mark, pressured by short-term downtrends despite a mixed daily picture. Price action remains bracketed by immediate support at 0.69845 and resistance at 0.7, with the daily pivot at 0.70192 serving as the primary anchor for directional shifts. Traders navigating the London and New York sessions will look to the extensive lineup of US central bank speeches to provide the next catalyst.