AUDUSD slips after RBA rate cut but holds within established trading range

AUDUSD edged lower on Tuesday following the Reserve Bank of Australia’s widely anticipated 25 basis point rate cut.

The decline erased Monday’s gains and pushed the pair toward the lower end of the 0.6350–0.6500 consolidation range, as price action remains capped beneath the 2025 high at 0.6514.

Despite the RBA’s dovish move, continued weakness in the US dollar is helping to cushion the downside for the Aussie, suggesting that the overall impact of the rate cut may be limited.

The broader uptrend from the 2025 low of 0.5914 (posted on April 9) appears to be in a consolidation phase, with bullish structure intact as long as the price holds above the 0.6350 floor.

Technical indicators on the daily chart remain broadly positive, although bullish momentum is softening. The 200-day moving average at 0.6454 stands as a key resistance level, having repeatedly capped gains.

For now, a range-bound approach remains favored, with traders watching for a break below 0.6350 or a clear move above 0.6454/0.6500 to signal the next directional shift.

Res: 0.6454; 0.6500; 0.6514; 0.6550
Sup: 0.6373; 0.6350; 0.6300; 0.6285