{
  "id": 77105,
  "title": "AUD/USD Price Forecast: Faces rejection near 100-day SMA at 0.7050; bullish bias intact",
  "url": "https://urgent.news/2026/08/03/aud-usd-price-forecast-faces-rejection-near-100-day-sma-at-0-7050",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T07:16:28.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/aud-usd-price-forecast-faces-rejection-near-100-day-sma-at-07050-bullish-bias-intact-202608030716"
  },
  "original_language": "en",
  "account": "The AUD/USD currency pair is expected to face rejection near its 100-day Simple Moving Average (SMA) at 0.7050, a level hit earlier this Monday. After reaching a fresh high since June 17, the pair retreated slightly to the 0.7030-0.7025 range heading into the European session. However, the downside potential appears limited due to a supportive fundamental and technical setup. The US Dollar (USD) has shown a moderate recovery from a one-and-a-half-month low, which, combined with a disappointing China Manufacturing PMI and easing inflation fears, is helping limit the AUD/USD pair's downside. Technical analysis indicates that the breakout of the 0.7020 barrier, representing the 38.2% Fibonacci retracement level of the May-June decline, was a crucial trigger for AUD/USD bulls. Momentum indicators, including the Relative Strength Index and Moving Average Convergence Divergence (MACD), are also supportive. A daily close above the 100-day SMA (0.7053) and the 50.0% retracement (0.7069) level could potentially open the way to the 61.8% retracement (0.7117) and further up to the cycle high around 0.7271. Conversely, a decline below 0.7021, coupled with support levels at 0.6962 and the 200-day SMA (0.6913), could expose the AUD/USD pair to further downside.",
  "summary": "The AUD/USD pair faces rejection near the 100-day Simple Moving Average (SMA) and retreats slightly after hitting a fresh high since June 17, around the 0.7050 level earlier this Monday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "WTI Price Forecast: More pain likely if fails to hold $77",
        "url": "https://urgent.news/2026/08/03/wti-price-forecast-more-pain-likely-if-fails-to-hold-77",
        "published": "2026-08-03T03:21:29.000Z"
      }
    ]
  },
  "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."
}