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2025-10-30 17:57:54
[Australian Dollar Bulls in Trouble: Technical Analysis Suggests Correction Risk] ⑴ The Australian dollar lost upward momentum against the US dollar after Powell's hawkish remarks, failing to maintain its previous gains. ⑵ The Federal Reserve Chairman clearly stated that a December rate cut is not a given, reversing market expectations of further easing. ⑶ The exchange rate has fallen below the 0.6582 level before the Australian CPI release, resulting in recent bullish positions being trapped. ⑷ Technical patterns suggest a possible further correction to the 200-hour moving average support zone in the 0.6531/50 area. ⑸ Key support lies at the psychological level of 0.6500, while resistance is concentrated in the 0.6600/20 area.
