AUD/USD Price Forecast: Trades around 0.7050 after breaking below nine-day EMA

Neutral (0.2)Impact: Medium

Published on March 5, 2026 (5 hours ago) · By Vibe Trader

The core event covered in the articles is the submission of China's 15th Five-Year Plan (2026–2030) for review to the National People's Congress (NPC) on Thursday, which marks a strategic shift toward 'high-quality development' and technological self-reliance in response to a volatile global environment [2]. The plan emphasizes advancing general-purpose and industry-specific artificial intelligence models, encouraging innovation in multimodal AI, agents, embodied intelligence, and swarm/group intelligence, and speeding up research on more efficient training and inference methods [2]. China aims to deploy AI across the full industrial chain, expand its use in services such as software, IT, finance, commerce, transport, and logistics, and develop native AI applications for efficiency and companionship [2]. The plan also includes measures to build regional and industrial sci-tech innovation hubs, facilitate foreign investment in equities and venture capital, and accelerate the construction of national strategic talent forces around innovation needs [2].

In addition, the plan calls for unconventional arrangements for university degrees in emerging fields like AI and integrated circuits, coordination of AI data centre construction with a focus on large-scale green development, and the establishment of an AI governance framework with broad international participation [2]. China intends to build an open global AI ecosystem and support global south countries in strengthening AI capabilities [2]. Security is also prioritized, with severe crackdowns on infiltration, sabotage, subversion, and separatist activities by hostile forces, and a focus on safeguarding major security issues concerning the country's long-term stability [2].

While the Five-Year Plan is expected to have significant implications for the Chinese economy and its trading partners, including Australia, the articles do not provide explicit market reactions or analyst opinions regarding the immediate impact on financial markets or specific assets [2]. However, the Australian Dollar (AUD) is noted to be influenced by the health of the Chinese economy, as China is Australia's largest trading partner [1]. The AUD/USD currency pair is currently trading around 0.7050 after breaking below the nine-day EMA, with technical analysis indicating a mildly bullish near-term bias and a consolidation phase rather than a reversal [1]. Immediate resistance is at the nine-day EMA of 0.7071, followed by the three-year high of 0.7147 reached on February 12, while initial support lies at the lower ascending channel boundary around 0.6970 and the 50-day EMA at 0.6936 [1].

The articles highlight that further advances in AUD/USD could approach the upper boundary of the ascending channel around 0.7270, while a daily close below the medium-term average would negate the bullish outlook and expose deeper support toward the 0.6400 rebound support zone [1]. The technical analysis suggests fading upside pressure but not a completed top, keeping the advance in a consolidation phase [1].

CONCLUSION

China's submission of its 15th Five-Year Plan signals a major push toward technological self-reliance and AI innovation, with broad implications for its economy and global partners. While the Australian Dollar is influenced by the health of the Chinese economy, the articles do not provide explicit market reactions to the plan. The AUD/USD pair remains in a mildly bullish consolidation phase, with key resistance and support levels identified.

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