{
  "id": 5018408,
  "title": "AUD/USD Price Forecast: Slides to over one-week low; 0.7125 confluence holds the key",
  "url": "https://urgent.news/2026/09/02/aud-usd-price-forecast-slides-to-over-one-week-low-0-7125-confluence",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T04:51:37.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/aud-usd-price-forecast-slides-to-over-one-week-low-07125-confluence-holds-the-key-202609020451"
  },
  "original_language": "en",
  "account": "The AUD/USD currency pair fell to its lowest level in over a week during the Asian trading session on Wednesday, currently hovering around 0.7135, marking a second consecutive day of decline. Initially, the positive Australia Quarter 2 Gross Domestic Product (GDP) report failed to sustain momentum as the US Dollar benefitted from heightened expectations of Federal Reserve rate hikes and heightened US-Iran tensions. Consequently, the AUD/USD pair is likely to continue its downward trajectory, potentially reaching the 0.7125 support level, which includes the 4-hour chart's 100-period Simple Moving Average (SMA) and the 23.6% Fibonacci retracement level of the June-August rally. As the Relative Strength Index (14) eases towards the mid-30s and the Moving Average Convergence Divergence (MACD) signals diminishing momentum, any further drop may expose additional Fibonacci support levels near 0.7074, 0.7033, and 0.6992, extending towards 0.6934 and 0.6860. Conversely, a decisive break below the 0.7125 support could expose lower Fibonacci levels, with the 0.7170 horizontal zone acting as a potential hurdle, while a sustained trading above the 0.7125 level may encourage bullish traders.",
  "summary": "The AUD/USD pair drops to a one-and-a-half-week low during the Asian session on Wednesday and currently trades around the 0.7135 region, down for the second straight day.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Silver Price Forecast: XAG/USD slips below $64.00 as inflation fears increase",
        "url": "https://urgent.news/2026/09/02/silver-price-forecast-xag-usd-slips-below-64-00-as-inflation-fears",
        "published": "2026-09-02T02:36:53.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}