What is the key resistance level for AUD/USD today?

The immediate resistance level to watch is 0.68446. A sustained break above this could open the door for 0.68550.

Why is the AUD/USD rising despite firmed US yields?

The pair is currently benefiting from a pro-cyclical rotation and broad USD softness, which is outweighing the pressure from US Treasury yields.

What is the critical pivot point for AUD/USD?

The daily pivot is identified at 0.68140. Staying above this level maintains a bullish intraday posture.

AUD/USD Analysis: 0.6845 Resistance Test | FXPremiere

The AUD/USD pair surged over 1.25% as broad USD softness and pro-cyclical rotation drove price action toward the 0.6845 resistance zone.

The Australian Dollar demonstrated significant relative strength during the January 22nd session, surging over 1.26% as broad US Dollar softness outweighed a firming in US Treasury yields. This move underscores a shift toward pro-cyclical FX performance, with the AUD leading the charge toward critical resistance at 0.68446.

Market Drivers: Broad USD Softness vs. Yield Pressures

Despite the US 2-year yield rising to approximately 3.618% and the 10-year yield touching 4.251%, the AUD/USD pair decoupled from traditional rate differentials. Market participants appeared to rotate toward assets with lower headline stress, benefiting pro-cyclical currencies like the Aussie, Kiwi, and Loonie. While liquidity remains concentrated at key psychological levels, the prevailing tone into the London close remains decidedly topside.

Session Handover and Intraday Momentum

Flow-led moves established the initial range during the Asian session, but it was the London and New York overlaps that defined the current trend. London traders tested the range extremes early, while the New York session provided the conviction needed to sustain the bid near the daily highs of 0.68446.

Technical Level Map: Support and Resistance

The current technical landscape centers on the 0.68140 pivot point. Price action holding above this level maintains a constructive bias for a test of higher extensions.

Resistance Levels: 0.68446 (Recent High), 0.68550, 0.68850
Support Levels: 0.67540, 0.67450, 0.67150
Daily Pivot: 0.68140 | Key Figure: 0.68400

Strategic Watchlist and Execution Discipline

For traders seeking a breakout, acceptance and time spent above 0.68446 are required to validate a move toward 0.68550. Any failure to hold support at the 0.68140 pivot would invalidate the current bullish structure, potentially signaling a rotation back to the 0.67540 range floor.

Execution discipline is paramount; the market frequently produces false breaks around major figures. It is often preferable to wait for a retest of a broken level rather than chasing the initial spike. If spot cannot hold the pivot on a retest, the probability shifts toward a mean reversion to the opposite edge of the range.

Rates Transmission and Risk Tone

The Australian Dollar remains highly sensitive to global risk appetite. If equity volatility spikes or risk sentiment deteriorates, defensive currencies like USD/CHF and JPY typically attract demand, causing high-beta pairs like AUD/USD to underperform. Conversely, if the current "risk-on" flow persists through the New York close, the AUD is likely to lead the pro-cyclical recovery.

Traders should also monitor whether spot continues to ignore the US front-end rate moves. If US yields continue to rise while AUD/USD climbs, it suggests that idiosyncratic demand or the removal of a specific risk premium in the USD is driving the pair.