The Australian Dollar (AUD) may reach 0.6520 before pulling back, say FX analysts. The currency is currently trading between 0.6450 and 0.6555. Recently, the AUD hit a high of 0.6509, finishing at 0.6502, which is a 0.51% increase. Although the upward trend is slow, there’s a chance the AUD will test 0.6520. Support levels are at 0.6485 and 0.6470. Over the next 1-3 weeks, the AUD has been weak since last week. Analysts see less downward pressure, suggesting it will likely stay in the 0.6450 to 0.6555 range. This information includes future predictions but comes with risks. It’s important to do your own research before making investments, as the markets and instruments mentioned are for informational purposes only. The authors have no current stock positions and receive no compensation besides publication fees. Both the author and the platform are not responsible for any errors or omissions in the information, which is not personalized investment advice. As of August 7, 2025, the Australian Dollar seems to be in a quiet phase. It’s moving within the range of 0.6450 to 0.6555, indicating a period of consolidation instead of a strong trend. In this tight trading range, strategies that benefit from low volatility could work well in the coming weeks. An options strategy like an iron condor, focused on the current price with strikes outside the 0.6450-0.6555 range, could take advantage of this sideways movement. This approach profits if the currency stays within these limits. This view is backed by recent data. The Reserve Bank of Australia kept its cash rate steady at 4.35% during Tuesday’s meeting, saying it needs to assess previous rate hikes. Also, last month’s CPI data showed inflation easing slightly to 3.4%, reducing the urgency for aggressive policy actions. Key commodity prices that affect the AUD aren’t driving a breakout either. Iron ore futures have remained stable but have struggled to reach their early 2025 highs due to mixed demand signals. This lack of strong support suggests that the AUD’s rise is likely capped near 0.6555 for now. For traders eyeing a short-term move, there’s potential to aim for the slight upward trend toward 0.6520. This can be done by buying near-term call options or using futures contracts with a stop-loss just below the 0.6485 support level. This would be a tactical trade in a broader range-bound setting. We should also keep in mind that these quiet periods can change unexpectedly. Looking back at late 2023, the AUD/USD traded within a similar tight range for weeks before a sudden shift followed a change in US Federal Reserve guidance. Surprises in upcoming US employment or inflation data could easily disrupt the current calm.

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