AUD/USD rebounds, eyes break above 200-DMA – Société Générale

AUD/USD has staged a steady recovery from last month’s lows and is now testing the 200-day moving average, with a breakout above February highs near 0.6410 seen as critical for unlocking further upside toward 0.6550 and beyond, Société Générale's FX analysts note.

AUD/USD targets 0.6550 if uptrend persists

"AUD/USD has experienced a steady rebound after forming a low near 0.5910 last month. It is now attempting a cross above the 200-DMA. It is worth noting that the pair failed to establish beyond this MA in November and gradually resumed its phase of decline."

"Defence of February highs near 0.6410 will be crucial for persistence in up move. Next objectives could be located at 0.6550 and projections near 0.6640/0.6665."

May 6, 2025

EUR/CHF falls despite soft Swiss CPI print – Danske Bank

April’s downside surprise in Swiss inflation has reinforced expectations of a June rate cut by the SNB, with markets now entertaining the possibility of a return to negative interest rates as the strong franc and global uncertainties weigh on growth and price stability, Danske Bank's FX analysts rep

USD/CNH slips below March lows, downtrend resumes – Société Générale

USD/CNH has lost traction after failing to hold above its 50-DMA and now trades below key March support, with the pair’s inability to reclaim 7.30 suggesting further downside risk toward 7.14 and 7.10, Société Générale's FX analysts note.