AUD/USD Technical Analysis: Consolidation Pattern Within 0.6655-0.6745 Range

According to FX strategists at UOB Group, including Quek Ser Leang and Peter Chia, the Australian Dollar (AUD) against the US Dollar is currently navigating a well-defined trading band. For those tracking USDC to AUD conversions and broader currency movements, understanding these technical levels becomes increasingly relevant.

Medium-Term Outlook: Range-Bound Trading Expected

Over the next 1-3 weeks, the pair’s behavior suggests a consolidation pattern between 0.6655 and 0.6745. Recent price action has proven instructive. Earlier this month, when AUD approached 0.6766 following an initial signal on January 7th that the currency “could edge higher,” the rally proved unsustainable. The pullback that followed eroded upward momentum, particularly after the pair broke below the critical 0.6690 support level (which recorded a low of 0.6682). This breakdown signals that near-term strength has diminished, making range consolidation the most probable outcome in the weeks ahead.

Short-Term Price Action and Immediate Levels

In the 24-hour perspective, traders should monitor how AUD navigates around 0.6680. The recent decline to 0.6682 demonstrates downward pressure, yet momentum indicators suggest selling pressure isn’t as pronounced as the move might suggest. Expected behavior: AUD is likely to revisit the 0.6680 level before any meaningful recovery materializes. A break beneath this point cannot be completely dismissed, though the current momentum profile makes a steeper decline toward 0.6655 unlikely in the near term.

Resistance points remain positioned at 0.6715 and 0.6730, both serving as potential ceiling levels for recovery attempts. For those converting USDC to AUD or monitoring currency pairs generally, these technical thresholds provide practical guidance on current market structure.

The broader narrative remains unchanged: AUD is consolidating within established bands rather than trending decisively in either direction.