Line chart comparing Australian and US yield curves
Source: TradingView
Renko Bricks Confirm Short-Term Bullish Momentum
The Renko with a 0.001 brick size keeps AUD/USD in a bullish structure with a positive bias, despite the latest pullback from the 0.7180–0.7183 area. Price remains comfortably above the rising 500 SMA at 0.70433, while the recent bounce from 0.71136 confirms that buyers are still defending higher support. The Supertrend setup has flipped back toward short-term pressure, with price currently near 0.7152, but this looks more like a pause after a strong advance than a full trend reversal. Momentum is cooling, not collapsing: RSI sits near 49.33, while the Z-score SMA remains positive at 1.22, showing that upside pressure is still present even as buyers lose some short-term force. A recovery above 0.7175–0.7183 would put bulls back in control and expose 0.7221, while a break below 0.71136 would weaken the setup and bring the rising SMA zone back into focus.
