AUD/USD Technical Analysis: 15-min chart aligned for recovery rally ahead of the China data dump

The AUD/USD has charted a large bullish relative strength index (RSI) divergence on the 15-minute chart. Further, the MACD is biased toward the bulls.
As a result, the stage looks set for a recovery rally above the falling trendline resistance, currently located at 0.7106.
The bullish technical setup on the 15-min chart would gain more credence if the China data - Q3 GDP, September retail sales and industrial production - beat estimates. The data is scheduled for release at 2:00 GMT.
Should the China data miss estimates, then the pair could regain bearish bias by falling below the overnight low of 0.7089.

Omkar Godbole FXStreet Contributor

15-minute Chart

Spot Rate: 0.71

Daily High: 0.7104

Daily Low: 0.7089

Trend: Mildly bullish

Resistance

R1: 0.7106 (trendline hurdle)

R2: 0.7160 (Oct. 17 high)

R3: 0.7204 (50-day exponential moving average)

Support

S1: 0.7085 (Sept. 11 low)

S2: 0.7041 (Oct. 8 low)

S3: 0.70 (psychological level)

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.

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 stays firm above $5,150 as Trump's delivers State of the Union speech

Gold finds fresh demand and regains the $5,150 level following the previous day's pullback from the monthly peak as traders assess Trump's State of the Union address. Trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

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.