AUD/USD: consolidating at the upper end of the range

Valeria Bednarik FXStreet

AUD/USD Current price: 0.7422

Chinese inflation data boosted the Aussie but fell short of triggering a bullish breakout.
US to offer some minor macroeconomic readings that won't interrupt sentiment-related trading.

The AUD/USD pair peaked at 0.7452 at the beginning of the Asian session, underpinned by solid Chinese inflation data that spooked, at least temporarily, fears about the effects on the economy of the trade war. July inflation was up 0.3% MoM in July, while from a year earlier, inflation rose by 2.1%, both above previous readings and market's forecasts. The yearly Producer Price Index also beat expectations printing 4.6% vs. the 4.4% forecasted. The pair, however, was unable to sustain gains and pulled down to 0.7413, as the greenback found some market favor which extended into the European opening.

Across the FX board dollar's recovery was shallow, with no critical level being challenged, before its strength eased, somehow indicating that uncertainty prevails, amid renewed trade war concerns and the absence of macroeconomic headlines seen all through the week. The US will offer today some minor figures, including July PPI data and weekly unemployment claims, with loads of first-tier data expected for this Friday.

In the meantime, the AUD/USD pair consolidates at the upper end of its latest range, holding firmly above 0.7400, but still meeting sellers on spikes to the 0.7440/50 region. The 4 hours chart shows that a bullish 20 SMA contains the downside, with buyers surging on approaches to it, but also that technical indicators continue easing within positive levels, with the Momentum pressuring its mid-line and the RSI currently at 53. A break through 0.7400 could see the pair approaching 0.7370, while only below this last, it will turn bearish. An advance through the mentioned resistance could see the pair extending up to 0.7483, July's high, with bulls taking the lead on gains beyond this last.

Support levels: 0.7400 0.7370 0.7330

Resistance levels: 0.7445 0.7485 0.7510

View Live Chart for the AUD/USD

Author

Valeria Bednarik

FXStreet

Valeria Bednarik was born and lives in Buenos Aires, Argentina. Her passion for math and numbers pushed her into studying economics in her younger years.

EUR/USD extends its optimism past 1.1900

EUR/USD retains a firm underlying bid, surpassing the 1.1900 mark as the NA session draws to a close on Monday. The pair’s persistent uptrend comes as the US Dollar remains on the defensive, with traders staying cautious ahead of upcoming US NFP prints and CPI data.

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300.

Gold pushes back above $5,000

The daily chart shows spot Gold in a parabolic uptrend that accelerated sharply from the $4,600 area in late January, printing a record high at $5,598.25 before a violent reversal erased nearly $1,000 in value during the final days of the month.

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

Japanese PM Takaichi nabs unprecedented victory – US data eyed this week

I do not think I would be exaggerating to say that Japanese Prime Minister Sanae Takaichi’s snap general election gamble paid off over the weekend – and then some. This secured the Liberal Democratic Party (LDP) an unprecedented mandate just three months into her tenure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.