The AUDUSD pair is completing a correction amid expectations of US economic data, with prices testing the 0.6985 level. Find out more in our analysis for 30 January 2026.
AUDUSD forecast: key takeaways
- Australia’s Q4 Producer Price Index (PPI): previously at 3.5%, currently at 3.5%
- Current trend: moving upwards
- AUDUSD forecast for 30 January 2026: 0.7085
Fundamental analysis
The AUDUSD outlook for today favours the Australian dollar, which has solid chances to continue recovering against the USD after the correction ends. At this stage, the pair is trading near the 0.6985 level.
The Producer Price Index is an inflation indicator that measures the average change in prices received by domestic producers for goods and services. It reflects prices from the sellers’ perspective and covers three production sectors: manufacturing, raw materials, and processing. Since higher production costs may be passed on to consumers, the PPI is often viewed as a leading indicator of consumer inflation.
The forecast for 30 January 2026 takes into account that Australia’s PPI remained unchanged at 3.5%. This is a positive factor for the Australian dollar, and when combined with broader Australian fundamental data, it supports the potential for continued upward momentum.
An additional trigger for AUDUSD growth could come from weak US economic data and the opening of new long positions after the recent pullback.
Technical outlook
After testing the upper Bollinger Band, the AUDUSD rate formed a Harami reversal pattern on the H4 chart. At this stage, prices continue a corrective move following the signal, with the 0.6945 support level as a downside target for the pullback.
The AUDUSD forecast for 30 January 2026 also considers an alternative scenario in which prices continue the upward wave towards the nearest resistance level at 0.7085 without testing support.
AUDUSD overview
- Asset: AUDUSD
- Timeframe: H4 (Intraday)
- Trend: bullish
- Key resistance levels: 0.7085 and 0.7115
- Key support levels: 0.6910 and 0.6755
AUDUSD trading scenarios for today
Main scenario (Buy Limit)
A pullback towards the 0.6945 support level may signal the end of the correction phase and indicate the market’s readiness to resume growth. The scenario is supported by strong Australian macroeconomic data and rising expectations of a rate hike by the Reserve Bank of Australia.
The risk-to-reward ratio is around 1:3. Potential profit upon reaching the target is about 140 pips, while the risk is limited to roughly 45 pips.
- Buy Limit: 0.6945
- Take Profit: 0.7085
- Stop Loss: 0.6900
Alternative scenario (Sell Stop)
A corrective scenario becomes possible if the price breaks and consolidates below 0.6900, signalling weakening short-term momentum and a transition to a deeper correction after overbought conditions.
- Sell Stop: 0.6900
- Take Profit: 0.6735
- Stop Loss: 0.6945
Risk factors
Key risks for the bullish scenario include weak inflation data in Australia, which could reduce expectations of a rate hike, as well as a general deterioration in global risk appetite and a strengthening US dollar driven by macroeconomic or geopolitical factors.
Summary
While awaiting US economic data, the AUDUSD pair may complete its corrective wave. AUDUSD technical analysis suggests a potential rise towards the 0.7085 level.
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Source: Roboforex