Imported headline
Australian Dollar Forecast: AUD/USD Uptrend Break Faces First Major Test
Source
Forexcom - https://www.forex.com/en-us/news-and-analysis/australian-dollar-forecast-aud-usd-uptrend-break-faces-first-major-test-7-8-2026/
Summary
AUD/USD has broken below its multi-month uptrend after a sharp decline from the yearly highs, shifting the technical focus toward the July opening range and a major support zone just below. Weekly momentum has turned over, and the question now is whether Aussie can stabilize above support and carve out a near-term low, or if the breakdown opens the door to another leg lower.
Medium Impact
AUDUSD
AUD
AU
Australian Dollar Forecast: AUD/USD Uptrend Break Faces First Major Test
Published Jul 08, 2026 1:21 PM
Last refreshed Jul 19, 2026 8:15 AM
Source:
Forexcom
Event Time: Jul 08, 2026 1:21 PM