AUD/USD Clears 2025 Highs

AUD/USD has extended its recovery early in the New Year as metals, both industrial and precious, continue to surge. The Australian Dollar climbed toward 0.6740 intraday, supported by risk-on sentiment in commodities and growing expectations that the Reserve Bank of Australia may keep monetary policy tighter for longer if inflation proves sticky. That backdrop has lifted the Aussie with markets now squarely focused on tonight’s Australian CPI release, which is widely expected to show inflation moderating slightly but still above the RBA’s target band, reinforcing the case for a hawkish policy stance.

Looking ahead, Australian inflation data due at 7:30pm ET will be the standout domestic catalyst for AUD/USD, with traders watching whether price pressures remain strong enough to justify future RBA tightening. With the greenback soft ahead of this week’s US labor and inflation prints, the pair’s near-term direction will hinge on those key reports and evolving RBA inflation expectations.

AUD/USD Daily Price History

In the above chart, AUD/USD rates have easily eclipsed the highs carved out in 2025, peaking into its highest level since October 2024. The technical structure appears to be that of an ascending triangle, with a breakout north of 0.6700 suggesting that bulls are in control. Momentum is accelerating, with the rates of change for each of the 5-day, 20-day, 50-day, and 100-day exponential moving averages (EMA) increasing at the start of 2026. Bulls appear to be in control assuming AUD/USD stays north of 0.6700.

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