What are the key resistance levels for AUD/USD today?

The primary resistance is at 0.68550, with psychological targets extended to 0.68600.

How did the Australian Dollar perform on January 23, 2026?

The AUD/USD gained 0.18%, closing near the session high of 0.68530 after testing a low of 0.68340.

What is the current trading bias for AUD/USD?

The bias remains constructive while the price holds above the 0.68450 pivot; a drop below this level suggests a return to a range-bound environment.

AUD/USD 0.6855 Resistance Analysis | Jan 23 2026

The Australian Dollar showed resilience on January 23, 2026, as high-beta demand pushed AUD/USD toward key resistance at 0.6855 amid shifting USD rate expectations.

The AUD/USD pair exhibited a constructive tone during the January 23, 2026 session, gaining +0.18% to close near 0.68530 as market participants absorbed event-risk through a high-beta lens. Price action was defined by steady accumulation rather than runaway momentum, primarily centered around the London open and the New York liquidity step-up.

Intraday Market Dynamics

The session opened at 0.68390 and maintained a relatively tight corridor between a low of 0.68340 and a high of 0.68550. The primary drivers for the pair concentrated on three specific catalysts:

Rates: The USD leg responded rapidly to shifts in front-end rate expectations.
Risk Sentiment: Improved global risk appetite saw the Australian Dollar outperform as a high-beta favorite, while pullbacks were mitigated by haven demand during brief periods of deterioration.
Positioning: Session handovers between London and New York amplified existing conviction, particularly as the pair neared the day's highs.

Strategic Scenario Grid

Heading into the next trading cycle, we have mapped three primary scenarios based on current liquidity clusters:

1. Base Case (62% Probability): Range Continuation

Expect continued consolidation within the 0.68350–0.68550 corridor. This suggests a lack of immediate fundamental triggers to break the current cycle.

2. Breakout Case (18% Probability): Bullish Acceptance

A sustained move and acceptance above the 0.68550 resistance gate would open the path toward the 0.68600 handle. Validation requires price to hold above this level across multiple liquidity windows.

3. Reversal Case (20% Probability): Support Breach

A break below the 0.68350 support level could trigger a quick retracement toward 0.68300, invalidating the current constructive bias.

Implementation and Execution Edge

For tactical execution, traders should treat the first break of a level as a signal and the subsequent retest as the trade. If the AUD/USD breaks resistance and retests the boundary with diminishing volatility, the move is confirmed. Conversely, a sharp snap-back inside the range should be treated as a "trap," favoring mean reversion toward the pivot.

For further context on risk-beta behavior, see our previous AUD/USD analysis on risk-beta surges or explore the AUD/NZD resistance test occurring simultaneously in the cross-market space.

Risk Management and Regime Filters

A disciplined regime filter is currently more effective than pure narrative forecasting. If the price remains above the 0.68450 pivot and prints higher lows, pullbacks should be viewed as buyable. If the pivot fails, the bias shifts to a range-bound or neutral mindset.

Traders are encouraged to use the realized daily range to calibrate position sizing. In environments where ranges expand, reducing leverage and widening stops is prudent to survive increased volatility without overtrading the noise.