Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTJim WyckoffTue, August 11, 2026 at 4:54 PM GMT+2 2 min readA pile of Australian dollar bills by RomanR via ShutterstockThe daily chart for the Australian dollar futures (D1UZ26) shows that prices are trending up and have recently hit a six-week high. See, too, that the moving average convergence divergence (MACD) indicator is in a bullish posture as the blue MACD line is above the red trigger line and both lines are trending up. The bulls have the near-term technical advantage.Fundamentally, Australia's economy is stable, as is its government. Its central bank is not overly dovish, and its commodity-export-driven economy is benefiting from rising commodity prices overall. In the meantime, the U.S. Dollar Index ($DXY) has backed well down from its recent high amid uncertainty regarding Federal Reserve leadership and policy.More News from BarchartDollar Pushes Higher as Crude Oil Surges and T-Note Yields RiseDollar Climbs with Crude Prices and T-Note YieldsDollar Posts Modest Gains as Crude Oil Fluctuates