AUD/USD remains on the defensive above the 0.6400 mark following Australian PMI data

AUD/USD remains flat around 0.6415 after the Australian data.
The US Initial Jobless Claims dropped to 201K; the Philly Fed declined to -13.5 in September vs. 12 prior.
Australian Manufacturing PMI dropped to 48.2 from 49.6; Services PMI posted 50.5 in September vs. 47.8 prior.
Market players await the US S&P Global/CIPS PMI data due later on Friday.

Lallalit Srijandorn FXStreet

The AUD/USD pair remains on the defensive during the early Asian session on Friday. The pair faces some follow-through selling after the Federal Reserve (Fed) decided to hold the interest rate on Wednesday but expected at least one more rate hike for the year. The pair The pair currently trades near 0.6415, losing 0.02% on the day.

Data from the US economic data showed mixed results on Thursday, with the weekly Initial Jobless Claims dropping to 201K, the lowest level since January. Meanwhile, the Philly Fed dropped to -13.5 in September from 12.0 in the previous reading, worse than expected at -0.7. Existing Home Sales fell to 4.04M MoM in August from the previous reading of 4.07M.

The Federal Reserve (Fed) held interest rates unchanged at the 5.25-5.50% range on Wednesday, as widely predicted in the market. Fed Chairman Jerome Powell reaffirmed the Fed's commitment to achieving 2% inflation in a press conference while mentioning that the Fed is ready to raise rates if necessary. These hawkish remarks boost the Greenback against the Aussie and act as a headwind for the AUD/USD pair.

On the other hand, the recent data from Australia revealed on Friday that the preliminary S&P Global Services PMI posted 50.5 in September, improved from 47.8 in August. While the Manufacturing PMI dropped to 48.2 from 49.6 in the previous reading. The Composite Index was also improved from 48.0 to 50.2.

Looking ahead, market participants will closely monitor the preliminary US S&P Global/CIPS PMI data for September. Traders will take cues from these figures and find trading opportunities around the AUD/USD pair.

AUD/USD

Overview
Today last price	0.6415
Today Daily Change	-0.0033
Today Daily Change %	-0.51
Today daily open	0.6448

Trends
Daily SMA20	0.643
Daily SMA50	0.6541
Daily SMA100	0.6611
Daily SMA200	0.6699

Levels
Previous Daily High	0.6511
Previous Daily Low	0.644
Previous Weekly High	0.6474
Previous Weekly Low	0.6378
Previous Monthly High	0.6724
Previous Monthly Low	0.6364
Daily Fibonacci 38.2%	0.6467
Daily Fibonacci 61.8%	0.6484
Daily Pivot Point S1	0.6421
Daily Pivot Point S2	0.6395
Daily Pivot Point S3	0.635
Daily Pivot Point R1	0.6493
Daily Pivot Point R2	0.6538
Daily Pivot Point R3	0.6564

Author

Lallalit Srijandorn

FXStreet

Lallalit Srijandorn is a Parisian at heart. She has lived in France since 2019 and now becomes a digital entrepreneur based in Paris and Bangkok.

AUD/USD holds rebound near 0.6900 on US-China trade optimism

AUD/USD holds the rebound near 0.6900 in the Asian session on Monday. Mixed China's inflation data for October fails to provide any inspiration to the Chinese proxy, the Australian Dollar, but China's extension of the suspension of 24% tariffs on US goods and reduced US-Iran tensions help the Aussie pair cling to recovery gains.

USD/JPY retreat in sync with USD, appraches 158.00

USD/JPY is back in the red at the start of the week on Monday, eyeing the broad US Dollar retreat amid easing US-Iran tensions. Traders also resorting to profit-taking following the blockbuster US Nonfarm Payrolls data-led rally. US CPI report is next in focus.

Gold climbs to two-day highs past $4,100

Gold resumes its recovery and surpasses the $4,100 mark per troy ounce at the beginning of the week. The yellow metal’s solid performance comes amid fresh downside pressure on the US Dollar, shrinking US Treasury yields and a marked retracement in crude oil prices.

Crypto Today: Bitcoin, Ethereum, and Ripple extend downtrend as selling pressure mounts

Major cryptocurrencies, including Bitcoin, Ethereum, and Ripple, maintain a broadly corrective tone, extending losses from the previous week. Risk-off sentiment builds in the crypto market following last week’s correction linked to Democrats sweeping the US midterms.

Two Huangs don’t make a right: Nvidia CEO caught in scandal – NVDA slides

Nvidia CEO Jensen Huang sent employees an apology for being unfaithful to his wife, following reports that he may have been targeted in a foreign intelligence operation. Why is Nvidia trading roughly 5–6% below Friday’s close in the overnight market? And – more importantly – does this actually matter to the AI trade?

US Dollar breaks below 101.50 as Democrats sweep Congress

The US Dollar (USD) comes under heavy selling pressure on Wednesday, with the US Dollar Index (DXY) falling around 0.5% to trade near 101.35 after sliding below the 101.50 level. The Greenback retreats to its lowest level in four weeks as investors reassess the political and economic outlook following the Democratic Party's sweeping victory in the United States (US) midterm elections.