The Australian dollar was little changed against its US counterpart on Wednesday, trading near 0.7219, as a light economic calendar left investors focused on a US Treasury buyback announcement that initially lifted the greenback before gains faded during the North American session.
AUD/USD Stalls as Higher Yields and Hormuz Risks Counter RBA Hawks
The US Treasury said it would repurchase up to $6 billion of securities maturing in the 10- to 20-year sector, providing an early boost to the dollar. However, the move lost momentum as the session progressed. Benchmark 10-year yields climbed five basis points to 4.845%, while the 30-year yield, a key reference for mortgage rates, rose four and a half basis points to 5.293%.
Geopolitical tensions added support to the dollar. Hostilities continued near the Strait of Hormuz, with Iran persisting in attacks on US military facilities and warships while Washington targeted Iranian oil vessels.
On the US data front, the four-week average of the ADP Employment Change edged up to 12K from 10K. Markets now look ahead to Thursday’s Producer Price Index (PPI), which is forecast to rise 0.4% month-on-month (5.3% annually) from a flat reading. Core PPI is expected to increase 0.3% monthly (4.6% yearly).
In Australia, Reserve Bank of Australia Deputy Governor Andrew Hauser signaled that the next policy meeting will debate a further rate hike, following a 75-basis-point increase this year that brought the cash rate to 4.35%. Ahead, September’s Consumer Inflation Expectations—if they exceed August’s 4.9%—could trigger a hawkish repricing of RBA policy.
AUD/USD Price Forecast: Technical Outlook
On the daily chart, AUD/USD trades at 0.7220, extending its advance above a cluster of trend support and the triple simple moving average convergence near 0.7057. Price action holding above the horizontal floor at 0.7198 maintains a near-term bullish bias, while the 14-period Relative Strength Index near 68 indicates firm but increasingly stretched upside momentum as the pair approaches higher structural barriers.
On the topside, initial resistance lies at the upward trend-line break near 0.7354, with subsequent barriers at 0.8597 and 0.9394. On the downside, immediate support sits at 0.7198, ahead of the moving average cluster around 0.7057 and ascending trend-line levels at 0.7017 and 0.6900. A deeper structural base resides at the prior downward trend-line break near 0.6385.
(The technical analysis above was assisted by an AI tool.)
Australian Dollar Performance Today
The table below shows the percentage change of the Australian Dollar (AUD) against major currencies today. The AUD was strongest versus the New Zealand Dollar.
| Base \ Quote | USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF |
|---|---|---|---|---|---|---|---|---|
| USD | – | -0.11% | -0.06% | -0.29% | 0.13% | -0.04% | 0.29% | 0.04% |
| EUR | 0.11% | – | 0.07% | -0.18% | 0.22% | 0.08% | 0.41% | 0.16% |
| GBP | 0.06% | -0.07% | – | -0.21% | 0.17% | 0.06% | 0.37% | 0.08% |
| JPY | 0.29% | 0.18% | 0.21% | – | 0.40% | 0.23% | 0.55% | 0.31% |
| CAD | -0.13% | -0.22% | -0.17% | -0.40% | – | -0.16% | 0.22% | -0.10% |
| AUD | 0.04% | -0.08% | -0.06% | -0.23% | 0.16% | – | 0.34% | 0.05% |
| NZD | -0.29% | -0.41% | -0.37% | -0.55% | -0.22% | -0.34% | – | -0.27% |
| CHF | -0.04% | -0.16% | -0.08% | -0.31% | 0.10% | -0.05% | 0.27% | – |
The heat map displays percentage changes between major currencies. The base currency is selected from the left column, the quote currency from the top row. For example, selecting AUD on the left and USD across the top shows the AUD/USD percentage change.