{"id":44037,"date":"2026-04-06T05:17:00","date_gmt":"2026-04-06T05:17:00","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/44037\/"},"modified":"2026-04-06T05:17:00","modified_gmt":"2026-04-06T05:17:00","slug":"after-climbing-above-0-6900-aud-usd-steadies-near-0-6910-testing-the-nine-day-ema-after-losses","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/44037\/","title":{"rendered":"After climbing above 0.6900, AUD\/USD steadies near 0.6910, testing the nine-day EMA after losses"},"content":{"rendered":"AUD\/USD traded near 0.6910 in Asian hours on Monday after two days of losses. The daily chart shows the pair still moving within a descending wedge, with lower highs and lower lows drawing closer together.\n\nThe 14-day RSI is near 43, pointing to a bearish tilt. The pair remains below the nine-day EMA and the flatter 50-day EMA, which keeps the near-term direction negative.\n\n

Key Support Levels<\/h3>\nSupport is at the 11-week low of 0.6833 set on March 30, then the wedge base near 0.6810. A drop below the wedge could push the pair towards the 0.6400 rebound support area.\n\nResistance is at the nine-day EMA at 0.6918, then the 50-day EMA at 0.6958 near the wedge top. A clear move above this area could open a test of 0.7187, the highest level since June 2022, reached on March 11.\n\nLooking back at the analysis from early April 2025, we saw the AUD\/USD pair trapped in a descending wedge pattern around 0.6910. The conflicting signals from the chart pattern and momentum indicators like the RSI suggested the market was at a critical inflection point. This period of indecision highlighted a market that was building energy for a significant move.\n\nThat wedge formation ultimately resolved to the upside later in 2025, a move driven by consistently strong iron ore prices and a Reserve Bank of Australia that remained more hawkish than anticipated. We have since left those levels far behind, with the pair now trading around 0.7350 as of today, April 6, 2026. This history shows how a technical setup, once decisively broken, can initiate a long-term trend.\n\n

Options Strategy Considerations<\/h3>\nWith Australia\u2019s Q1 2026 inflation recently reported at a stubborn 3.5%, we believe the RBA will maintain its firm policy stance, providing a tailwind for the Aussie dollar. Derivative traders should consider buying call options with strike prices near 0.7450 to position for further upside in the coming weeks. This strategy provides a defined-risk way to capture potential gains if the trend continues.\n\nHowever, we must acknowledge the uncertainty surrounding the US Federal Reserve after last week’s mixed jobs report showed slowing wage growth. To hedge against a potential surprise strengthening of the US dollar, purchasing out-of-the-money put options with a strike price around 0.7200 offers a cost-effective insurance policy. This protects against a sharp reversal in the AUD\/USD pair.\n\nFor those who simply expect a big move but are unsure of the direction, implied volatility is a key consideration. Given the policy tension between the RBA and the Fed, establishing a long strangle by buying both a call option and a put option could be effective. This strategy will profit from a significant price swing in either direction before the options expire.\n\nCreate your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b>\n

\r\n\r\n

Start trading now – Click here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n","protected":false},"excerpt":{"rendered":"

AUD\/USD trades near 0.6910; bearish wedge persists. Key supports 0.6833\/0.6810; resistance 0.6918-0.6958, then 0.7187.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-44037","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/44037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=44037"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/44037\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=44037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=44037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=44037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}