AUD/USD rebound extends toward key July high at 0.6625 – Société Générale

AUD/USD is building on last month’s rally from 0.6410, reclaiming its 50-day moving average and testing resistance at the July high of 0.6625. A decisive break above this level would signal scope for further gains toward 0.6685–0.6720, with 0.6480 now a key support, Société Générale's FX analysts note.

Momentum strengthens as MACD turns positive

"AUD/USD established a durable trough near 0.6410 last month, triggering a sustained rebound. It has since reclaimed the 50-day moving average and is now challenging the July high at 0.6625. Notably, the daily MACD has shifted into positive territory, underscoring a renewed upward momentum."

"A cross above 0.6625 would open the door for an extended advance, with subsequent objectives at projections of 0.6685/0.6720 and potentially 0.6770. Recent pivot low of 0.6480 is a crucial support."

Sep 9, 2025

Dow Jones futures inch higher due to rising odds of a bumper Fed rate cut

Dow Jones futures move little, edging up 0.05% to trade around 45,600 during European hours on Monday, ahead of the United States (US) market open. Meanwhile, the S&P 500 futures advance 0.13% to trade above 6,500, while Nasdaq 100 futures climb 0.23% to trade near 23,850.

EUR/GBP Price Forecast: Bears are pushing against the 0.8660 support area

The Euro is heading lower against the British Pound on Tuesday. The pair has retraced the last two days’ recovery and is extending last week’s reversal from 0.8710 highs to levels near 0.8660 so far.Investors’ concerns about the political crisis in France are weighing on the common currency.