REDATOR Ben Graham Posted January 22 REDATOR Report Share Posted January 22 The Australian Dollar has grabbed FX traders' attentions for a while now, as data for the Island Continent has consistently beaten expectations.Rate cuts for the Royal Bank of Australia have been tough to program since they began reducing their main policy rate, the Cash Rate, in February 2025.Stubbornly strong economic data, ever-stronger jobs market, and high inflation haven't provided the Central Bank many reasons to cut rates. As a matter of fact, they have only cut three times, from 4.35% to the current 3.60%. zoom_out_map Australian Inflation Rate since January 2025 – Source: TradingEconomics, RBA What is catching traders' attention is the actual repricing of RBA hikes – the current year-end rate is expected to be back above 4%.The Australian jobs report, published yesterday, showed a surprising beat (+65.2K vs 30K estimates), which took the Unemployment Rate to 4.1%, levels unseen since a full year prior.Aussies are facing high inflation as high demand and an ever-hotter economy keep workers and spenders afloat. zoom_out_map Interest Rate-Based Expectations of a 25 bps hike at the Feb 3 RBA Meeting – Source: ASX.com Supported by Chinese stimulus, strong internal growth, and extreme demand for metals, which they are a significant producer of, are among the factors boosting the Australian Dollar at the top of yearly FX currency movement.Particularly as risk appetite stays tight (AUD is a risk-on currency) and Australia is far from Western geopolitical trouble, the currency can't stop attracting further inflows. Adding to this a renewed hawkish stance, while other Central Banks aim for rate cuts, and you get a perfect cocktail for the Aussie.Now, we'll take a look at an AUD/USD multi-timeframe chart analysis to see where the current rally could head. Read More:US GDP beats and Monday gaps fill – Dow Jones and US Stock Index OutlookGreenland tensions ease, but forecasts for Gold are still very optimisticNatural gas explodes by 70% in four sessions: What's next?AUD/USD Multi-Timeframe Chart AnalysisDaily Chart zoom_out_map AUD/USD Daily Chart, January 22, 2026 – Source: TradingView The Aussie is running higher since December 2025 and its upward performance coordinated a break above its 2021 Long-term downtrend.Now forming a gigantic bullish Daily candle, there won't be much to hold the bullish movement until the 0.69 to 0.6945 Main 2024 resistance.The Daily action is dominated by the bulls and despite overbought RSI conditions, this doesn't look like a trend to fade – At least for now.For long-term traders, keep a close eye on communications from the RBA as a February 3 Hike could get closer ~ At least that's what Rate Futures are pricing.4H Chart and Trading Levels zoom_out_map AUD/USD 4H Chart, January 22, 2026 – Source: TradingView Having sweeped above its Pivot Zone (0.6750), the action remains dominated by the bulls.Levels of interest for AUD/USD TradingResistance levelsDaily Channel highs 0.68850.69 to 0.6945 Main 2024 resistance0.69420 September 2024 highsDec 2021 Lows 0.70 Major Resistance2023 Highs and 0.71 ResistanceSupport levelsOctober 2024 Major Pivot 0.6750 (+/- 100 pips)0.67540 Session lowsSeptember FOMC Highs Support 0.6680 to 0.67100.66 to 0.6630 December SupportJune 2025 Support 0.63 to 0.641H Chart zoom_out_map AUD/USD 1H Chart, January 22, 2026 – Source: TradingView AUD/USD is now moving to some new highs at 0.68450 and starting to show some form of slowing.The 1H RSI is now turning lower as a session peak could have been reached and traders take profits.A retest of the 20-Hour Moving Average at 0.68140 could be reached in late-session trading – Aggressive rebounding from here hints at further bull-side imbalance (chase to higher levels)Correcting all the way back to ~0.6800 holds decent odds and could offer decent pullback entry points for late-trend buyers.Closing below the 0.6770 50-Hour MA could lead to further downwards mean-reversionOverall, look for a pullback and watch reactions when the trading gets 150 pips to the 0.69 level (around 0.68850). Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only.If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use.Visit https://www.marketpulse.com/ to find out more about the beat of the global markets.© 2026 OANDA Business Information & Services Inc. Visitante_2b9f2e91 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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