AUD/USD Technical Analysis: Bulls Regain Control
Author: Zain Vawda
Date: April 13, 2026
Market Overview
The technical outlook for the AUD/USD currency pair is currently bullish, with the path of least resistance favoring upward movement. The pair has successfully broken above a primary descending trendline on the daily chart, indicating a shift in momentum.
Daily Chart Analysis
On the daily timeframe, AUD/USD is in a broad constructive phase despite recent volatility. The pair approached the 100-day moving average, printing a low around 0.6833. A significant development is the breakout above the primary descending trendline, which has been in place since the year-to-date highs. After consolidating near the psychological level of 0.7000, the price is now challenging the resistance at 0.7080. A daily close above this level would pave the way for a retest of 0.7130, with the year-to-date high at 0.7187 in sight.
4-Hour Chart Insights
The bullish narrative is further supported by a "Golden Cross" formation on the 4-hour chart, where the 50-day moving average has crossed above the 100 and 200-day moving averages. This technical signal often precedes sustained upward trends. The pair has shown a "V-shaped" recovery from late March lows, successfully flipping the 0.7000 level from resistance to support. The Relative Strength Index (RSI) is near 66, indicating strong bullish momentum with room for further upside before reaching overbought conditions.
1-Hour Chart Details
The 1-hour chart reveals a recent breakout after a consolidation phase between 0.7034 and 0.7080. A strong bullish candle has pierced the upper boundary of this range. The intraday moving averages are aligned in a bullish manner, suggesting that minor pullbacks may attract fresh buying interest. The immediate focus for traders is the 0.7080 level; maintaining above this on a retest could lead to a target at the swing high of 0.7130.
Key Levels to Watch
Support: 0.7034, 0.7000 (Psychological), 0.6913
Conclusion
The technical outlook for AUD/USD remains bullish, supported by a trendline breakout on the daily chart, a moving average crossover on the 4-hour chart, and a range breakout on the 1-hour chart. The next major hurdle for the bulls is the 0.7130 level.
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