AUD Weekly Overview: Testing Key Levels
Updated 28 Jul 2026 • 23:45 GMT
The Australian Dollar (AUD) is currently testing the critical 0.7000 level against the USD, following a recent upswing fueled by high interest-rate differentials and strong commodity prices. Despite the recent rally and constructive technical setup above the 200-day SMA, the future trajectory of the AUD will be heavily influenced by developments in the US, including any changes in interest-rate expectations and geopolitical risks. The Reserve Bank of Australia's input, with events such as the upcoming CPI report, will also be pivotal in shaping market expectations.
Key watchpoints
- Technical Thresholds: Monitor if AUD/USD can sustain a breakout above 0.7000, which may lead to further upside driven by short-covering.
- Central Bank Signals: Keep an eye on RBA's communications and economic data releases, particularly the CPI, for cues on monetary policy direction.
- Global Influences: US interest-rate decisions and geopolitical developments, particularly related to energy prices, could significantly impact AUD movements.
Norwegian Krone Weekly Outlook
Updated 18 Jul 2026 • 23:49 GMT
The Norwegian krone (NOK) could be set for a potential rally against the euro, as monetary policy remains a key driver. The Norges Bank might implement another interest rate hike, possibly reaching 4.50% in August or September, which could mark the end of their current rate cycle. This move is anticipated to provide support to the krone, particularly against a backdrop where the US dollar's upside is seen as limited.
Key watchpoints:
- Monitor Norges Bank's interest rate decision in August and September for impacts on NOK.
- Assess the broader G10 currency moves as the US dollar's influence weakens.
- Evaluate the impact of Norges Bank's monetary policy as the rate cycle potentially concludes.