AUD/USD Price Forecast: Extends rally to fresh high since February 2023, near 0.7100

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The AUD/USD pair extends its strong uptrend witnessed over the past two weeks or so and jumps to a fresh high since February 2023, closer to the 0.7100 mark, during the Asian session on Thursday.

AUD/USD continues scaling higher and hitting multi-year peaks for the ninth straight day.
The bullish technical setup backs the case for an extension of the well-established trend.
The daily RSI is flashing extremely overbought conditions, and warrants caution for bulls.

The AUD/USD pair extends its strong uptrend witnessed over the past two weeks or so and jumps to a fresh high since February 2023, closer to the 0.7100 mark, during the Asian session on Thursday. Moreover, the supportive technical setup suggests that the path of least resistance for spot prices remains to the upside.

Against the backdrop of repeated failures to find acceptance below the 200-day Simple Moving Average (SMA) since June 2025, the recent breakout through a multi-week-old trading range hurdle, around mid-0.6700s, was seen as a key trigger for bulls. Adding to this, a daily close above the 0.7000 psychological mark, for the first time since February 2023, validates the near-term positive outlook for the AUD/USD pair.

The Moving Average Convergence Divergence (MACD) line extends above the Signal line and holds above zero, with the histogram widening positively, suggesting strengthening bullish momentum. However, the daily Relative Strength Index (RSI) at 87 points to overbought conditions, making it prudent to wait for some near-term consolidation before positioning for any further appreciating move for the AUD/USD pair.

On the 1-hour chart, an ascending channel guides the advance, with resistance near 0.7128 that could cap gains. With price pressing the channel’s upper band, the near-term bias rests on whether buyers can secure a breakout; failure there would keep the AUD/USD pair contained within the rising structure. On setbacks, initial support aligns at the channel floor near 0.7029, where dips could stabilize before the trend resumes.

(The technical analysis of this story was written with the help of an AI tool.)

AUD/USD daily chart

Australian Dollar Price Last 7 Days

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies last 7 days. Australian Dollar was the strongest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-2.48%	-2.99%	-3.35%	-2.21%	-4.56%	-3.98%	-3.71%
EUR	2.48%		-0.52%	-0.92%	0.28%	-2.12%	-1.52%	-1.28%
GBP	2.99%	0.52%		-0.42%	0.80%	-1.63%	-1.02%	-0.76%
JPY	3.35%	0.92%	0.42%		1.19%	-1.23%	-0.65%	-0.37%
CAD	2.21%	-0.28%	-0.80%	-1.19%		-2.40%	-1.81%	-1.55%
AUD	4.56%	2.12%	1.63%	1.23%	2.40%		0.61%	0.87%
NZD	3.98%	1.52%	1.02%	0.65%	1.81%	-0.61%		0.26%
CHF	3.71%	1.28%	0.76%	0.37%	1.55%	-0.87%	-0.26%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).