The AUD/USD pair traded sideways around 0.6930 following the release of Australian inflation data that indicated a further easing of price pressures, according to FX Street. The pair tested important support levels near 0.6870 and 0.6830, which coincide with the 200-day moving average and align with the March lows.
Societe Generale analysts noted that the AUD/USD extended its pullback after breaking below the May trough level around 0.7070 and subsequently retesting the 200-DMA support zone near 0.6870/0.6830. This support area is significant as it also held during the correction seen in November 2025, reinforcing its importance in the current technical landscape.
For Japanese market participants, the AUD/USD's stability near these key technical levels is particularly relevant given the ongoing volatility in FX markets and the impact of commodity price shifts on regional currencies.