
Australian Dollar Forecast: AUD/USD Support Reversal Sparks Monthly Range Breakout 10 23 2026
A sharp reversal off key support has fueled the AUD/USD recovery, with resistance now in focus ahead of next week’s Fed decision and Australian CPI.
Expertise: Multi-timeframe Technical Analysis
Trading Style: Intraday/Swing
Experience:
Education:
• Degrees in Economics & Philosophy from Rutgers University

A sharp reversal off key support has fueled the AUD/USD recovery, with resistance now in focus ahead of next week’s Fed decision and Australian CPI.

GBP/USD has surged to pivotal resistance at five-week highs, with the next reaction likely to determine whether the recovery has further to run.

Gold bears have broken the monthly range, with a daily close below key support threatening another sharp decline toward the yearly lows.

Euro bulls are struggling to extend the recovery from October lows, with a critical resistance barrier threatening to stall the advance.

USD/CHF bears are looking to build on last week’s sharp reversal, with a looming support test threatening the broader recovery.

Sterling’s sharp rebound faces major resistance, raising the stakes for a critical inflection that could threaten the recent bullish reversal.

EUR/USD has cleared its September downtrend, but buyers still need to prove the advance can develop into a more sustained bullish reversal.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities, and equity indices charts this week.

Euro is attempting to regain its footing as stretched momentum raises the stakes for the next move ahead of key PMI data and central bank decisions.
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