AUD/USD: In the process of testing the 0.6810 resistance – UOB Group

FXStreet Insights Team FXStreet

The Australian Dollar (AUD) is expected to consolidate in a range of 0.6760/0.6810. In the longer run, there has been no further increase in momentum; if AUD breaks below 0.6730, it would mean that 0.6870 is not coming into view, UOB Group analysts Quek Ser Leang and Lee Sue Ann note.

AUD can rise after a sustained breach of 0.6810

24-HOUR VIEW: “Yesterday, we detected ‘a slight increase in upward momentum.’ We indicated that ‘there is scope for AUD to edge higher, but any advance is likely limited to a test of 0.6815.’ Our view was not wrong, as AUD rose to 0.6813, pulling back to close at 0.6785 (-0.13%). AUD has likely entered a consolidation phase. Today, we expect AUD to trade in a range of 0.6760/0.6810.”

1-3 WEEKS VIEW: “Our most recent narrative was from Monday (26 Aug, spot at 0.6790), wherein ‘while the outsized advance from last Friday suggests further AUD strength, given the overbought conditions, it remains to be seen if 0.6870 is within reach in the next 1 to 2 weeks.’ Yesterday, AUD rose to 0.6813, then pulled back. There has been no further increase in momentum, and if AUD breaks below 0.6730 (no change in ‘strong support’ level) it would mean that 0.6870 is not coming into view.”

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

AUD/USD sits at two-month lows near 0.6950 after Australian CPI data

AUD/USD is sitting at two-month lows near 0.6950 in the Asian session on Wednesday, as below-expectations August Australian underlying CPI data pours cold water on expectations for further RBA interest rate hikes. Chinese PMI data also fail to inspire the Australian Dollar, despite a pause in the US Dollar advance.

USD/JPY stays weak below 157.00 amid Japanese intervention risks

USD/JPY keeps losses below 157.00 in the Asian session on Wednesday, as hawkish BoJ expectations, along with intervention risks, underpin the Japanese Yen, countering dismal domestic factory output and retail sales data. Meanwhile, a broad US Dollar retreat also collaborates to the pair's downside.

Gold eyes US PCE inflation data for next move

Gold is consolidating the previous rebound from an eight-week low of $4,110 in Asia on Wednesday, although it remains below $4,200 ahead of the US ADP jobs report and core Personal Consumption Expenditures Price Index data.

Aave Price consolidates below $161 as profit-taking emerges after 10% surge

Aave slips below $161 on Wednesday after surging more than 10% the previous day, with on-chain data suggesting increased profit-taking. Meanwhile, Aave founder Stani Kulechov is considering an AAVE token-burn mechanism under Aavenomics 3.0, adding a potential catalyst for AAVE.

Warning: The RBI's October rate hike may be too late as oil risks mount

The Indian Rupee (INR) is one of the worst-performing Asian currencies in 2026, down about 6.5% year-to-date against the US Dollar (USD) and trading near historic lows ahead of the October 5–7 Reserve Bank of India (RBI) meeting. Economists expect the RBI to raise its repo rate by 25 basis points (bps) next month and follow up with another increase in December to counter rising retail inflation.

Silver is more volatile than Gold ahead of PCE and NFP. This chart shows the positioning gap

The market’s attention is focused on American data this week, but there’s something only those with a trained eye may be looking at: Gold and Silver positioning gap. Financial markets are moving on fears, mostly related to persistently high energy prices driven by the Middle East war. Sure, the US Dollar (USD) is strong, but at what cost?