24/7 SUPPORT
Download App
Search
Popular Search
Published: 24 August 2026,08:41
Daily Market Analysis New
Key Takeaways:
*The Australian dollar remains supported by the RBA’s earlier tightening cycle, but momentum has eased after the central bank unanimously held rates at 4.35% in August.
*Tomorrow’s minutes will be the key catalyst. Any hawkish signals on inflation or future hikes could revive AUD strength, while a cautious tone would reinforce expectations of a prolonged pause.
*Beyond the minutes, commodity prices, Chinese data and U.S. dollar movements will influence the Aussie’s direction. For now, AUD is likely to remain range-bound until clearer policy signals emerge.
The Australian dollar has traded in a relatively stable manner in recent sessions, retaining support from the Reserve Bank of Australia’s earlier hawkish policy actions this year. Three consecutive rate increases in the first half of 2026, which lifted the cash rate to 4.35%, had previously underpinned the currency by reinforcing Australia’s yield advantage and signalling the Board’s determination to address elevated inflation. However, the RBA’s more recent conservative stance—most notably the unanimous decision to hold rates unchanged at its August meeting—has tempered the bullish momentum that earlier characterised the Aussie. Market participants have largely priced in a prolonged pause through the third quarter, reducing the currency’s near-term upside catalysts.
Attention now turns to the release of the August Monetary Policy Board meeting minutes, scheduled for tomorrow. These minutes are expected to generate heightened market volatility as traders scrutinise the language for any residual hawkish signals. While the decision itself was a clear hold, any indication that Board members remain concerned about persistent inflation risks or are prepared to tighten further if data disappoint could revive expectations of additional policy action later in the year. Such comments would likely provide a renewed boost to the Australian dollar by challenging the current market consensus of rate stability in Q3.
Conversely, a more balanced or cautious tone that emphasises the restrictive nature of existing policy and the need to assess incoming data could reinforce the pause narrative and limit the currency’s gains. Beyond the minutes, the Aussie’s path will continue to be influenced by commodity price trends, Chinese economic indicators, and broader movements in the U.S. dollar. In the near term, the minutes represent the most immediate catalyst, with the potential to either rekindle strength or prolong the current period of consolidation depending on the degree of hawkish messaging they contain.
Technical Analysis
The AUD/USD pair continues to trade within an uptrend trajectory after breaking above its previous resistance level at 0.7130 in the latest session. The breakout provides a bullish continuation signal and suggests that buying momentum remains strong.
Following the breakout, the 0.7130 level has now shifted from resistance into an important short-term support zone. Holding above this level would confirm that the breakout remains valid and that buyers continue to maintain control of the pair.
Should AUD/USD successfully defend 0.7130 during any potential technical retracement, the pair is expected to remain within its current bullish trajectory and could continue to advance toward higher levels.
Conversely, a decisive break back below 0.7130 would weaken the bullish breakout signal and could suggest that the latest move was a false breakout, increasing the risk of a short-term correction.
Resistance Levels: 0.7267, 0.7387
Support Levels: 0.7130, 0.6982
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
