AUD/USD consolidates poor Aus GDP-led losses sub-0.7600

Aus Q3 GDP comes in a tad softer.
Recovery capped by 10 & 20-DMA confluence.
All eyes on the US ADP jobs.

Dhwani Mehta FXStreet

Having hit a three-day low of 0.7572 on disappointing Australian third quarter GDP release in early Asia, the AUD/USD pair is seen consolidating the sell-off, as we head towards the European open.

AUD/USD headed to test Friday’s high at 0.6912

The spot is in the red zone for the third straight session and remains poised to test the five-month lows reached last month at 0.7534. The bearish momentum in the Aussie picked-up pace after the Australian Q3 growth numbers showed that the economy expanded by 0.6% versus a 0.9% increase seen in Q2 and 0.7% expected.

Moreover, persisting risk-off moods in the markets amid the latest North Korean headlines, also exacerbated the pain in the higher-yielding currency, AUD while Australia’s political uncertainty on the back of the Australian High Court ruling on citizenship further dented the sentiment.

However, the sell-off lost legs near 0.7570 levels, as ongoing selling in the US dollar across its main peers, rescued the bulls. With the Aus GDP data out of the way, all eyes remain on the US ADP jobs report and Aus trade balance due tomorrow for the next direction.

AUD/USD Technicals

Jim Langlands at FX Charts writes: “..I, therefore, suspect that further upside for the Aud will be limited and selling into rallies is still preferred.”

Key Levels

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD regains balance, targets 1.1800

EUR/USD has lost a bit of momentum after its earlier push higher and is now attempting to reclaim the key 1.1800 barrier on Monday. In the meantime, investors remain focused on the evolving US–EU trade relationship after President Trump’s announcement of sweeping global tariff hikes.

GBP/USD recedes from tops, back to 1.3500

GBP/USD is extending its move higher on Monday, meeting some resistance around 1.3530 on the back of the widespread bearish tone in the US Dollar amid ongoing uncertainty around tariffs. For now, traders are watching overall risk sentiment and central bank rhetoric for the next directional cue.

Gold advances to four-week highs, focus is on $5,200

Gold is holding onto its bullish tone on Monday, hovering near monthly highs well above the $5,100 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Crypto Today: Bitcoin, Ethereum, XRP intensify sell-off as tariff uncertainty weighs

Bitcoin, Ethereum and Ripple are trading amid increasing selling pressure at the time of writing on Monday, as investors react to fresh trade uncertainty over US President Donald Trump’s push for more tariffs.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.