AUD/USD climbs to daily highs near 0.7070 ahead of US data

AUD/USD slumps to lowest level in more than 2-years on Thursday.
USD weakness allows the pair to recover on Friday.
US Dollar Index extends decline toward 96.

Eren Sengezer FXStreet

The risk-off mood and the negative market surrounding commodities and related currencies weighed on the AUD/USD pair and forced it to plummet to its lowest level since February of 2016 at 0.7015. However, with the market sentiment improving slightly and the greenback continuing to weaken against its peers, the pair reversed its course and recovered a majority of yesterday's losses. As of writing, the pair was trading at 0.7066, adding 0.48% on a daily basis.

The dismal performance of the U.S. Treasury bond yields and concerns over the potential negative impact of the Fed's monetary policy on the economic growth caused the US Dollar Index to lose its traction and pull away from the 97 handle. Ahead of the housing and trade balance data from the U.S., the index is losing 0.35% on the day at 96.23.

In the meantime, with investors getting ready for the New Year break, the trading conditions are likely to remain thin at least until January 2nd.

Technical levels to consider

AUD/USD

Overview:
    Today Last Price: 0.7066
    Today Daily change: 32 pips
    Today Daily change %: 0.455%
    Today Daily Open: 0.7034
Trends:
    Previous Daily SMA20: 0.7176
    Previous Daily SMA50: 0.7189
    Previous Daily SMA100: 0.7199
    Previous Daily SMA200: 0.7364
Levels:
    Previous Daily High: 0.7078
    Previous Daily Low: 0.7014
    Previous Weekly High: 0.7204
    Previous Weekly Low: 0.7038
    Previous Monthly High: 0.7345
    Previous Monthly Low: 0.7072
    Previous Daily Fibonacci 38.2%: 0.7038
    Previous Daily Fibonacci 61.8%: 0.7054
    Previous Daily Pivot Point S1: 0.7006
    Previous Daily Pivot Point S2: 0.6978
    Previous Daily Pivot Point S3: 0.6942
    Previous Daily Pivot Point R1: 0.707
    Previous Daily Pivot Point R2: 0.7106
    Previous Daily Pivot Point R3: 0.7134

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD risks a deeper drop below 1.1750

EUR/USD keeps its vacillating mood in place as the the NA session drwas to a close on Tuesday, hovering below the 1.1800 hurdle amid acceptable gains in the US Dollar. In the meantime, market participants and the FX galaxy are expected to closely follow President Trump’s SOTU speech around 2AM GMT.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.