AUD/USD Signal 01/12: Pullback Can't be Ruled Out (Chart)

AUD/USD Market Overview

The Australian dollar (AUD) continued to strengthen against the US dollar (USD) after the Australian Bureau of Statistics released robust inflation data the previous week. The figures reinforced expectations that the Reserve Bank of Australia might maintain a tighter monetary stance compared to other major central banks.

Market Reaction and Technical Picture

Following the data release, AUD/USD extended its upward trajectory, pushing toward new monthly highs. However, the pair has entered a technically sensitive zone where a pullback remains possible. Traders are closely watching for signs of consolidation or correction, especially near resistance levels visible on daily charts.

Key Technical Levels

If the pair breaks below 0.6670, it may signal a deeper retracement toward the 0.6630 region. On the upside, a clear move above 0.6750 could confirm renewed bullish momentum targeting higher levels.

Trading Outlook

Analysts suggest caution, as the market’s recent bullish stretch might attract profit-taking before fresh catalysts appear. The short-term bias remains mildly positive, but volatility may increase ahead of upcoming US economic releases affecting the dollar index.

"Given the current positioning and the broader risk sentiment, a moderate pullback in AUD/USD cannot be ruled out," one FX strategist noted.

Summary

The Australian dollar retains upward momentum, though a short-term correction is increasingly likely as traders watch resistance zones and upcoming US data for further direction.

Author’s summary: The AUD/USD rise may persist, but near-term correction risks are growing amid technical resistance and shifting dollar sentiment.

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DailyForex DailyForex — 2025-12-01

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