AUD USD

Gold has stalled near major resistance after a powerful rally, while AUD/USD looks stretched and USD/CAD attempts to extend its rebound.

AUD/USD is closing in on 72c as Australian and US inflation reports collide with Jackson Hole, setting the stage for a potentially volatile end to the week.

The AUD/USD continues to grind higher - as it has done so ever since risk assets bottomed back in April 2025. The Aussie has benefitted from rising metals prices and a strong Chinese yuan. The US dollar meanwhile has had bouts of strength here and there, but not much against the Aussie. The recent bond market stress has further increased the US dollar debasement calls. The focus now is turning to key data from both Australia and the US, and the Jackson Hole symposium.

The US dollar moved against its recent macro playbook on Monday. AUD/USD paid the price, although bulls still hold the upper hand.

AUD/USD approaches 72c after eight weeks of gains as Australian inflation, Jackson Hole and Fed policy risks take centre stage.

Aussie momentum has surged to seven-month highs, but the advance is approaching a major resistance zone where exhaustion risk is rising.

Australian consumer sentiment rebounds sharply, but softer RBA hike expectations and resistance near 0.7140 could test AUD/USD bulls.

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors this week.

AUD/USD grinds higher into Australian jobs data as RBA-Fed expectations remain finely balanced and the US dollar holds support.

It was a quiet week in the US Dollar despite a busy economic calendar and a soft raft of US data, but perhaps more important is what didn’t happen and what this says about what could be around the next corner.

CPI printed in-line with expectations and the net result at this point is a stronger Dollar, carried by USD/JPY clawing back following an early-morning sell-off.

The RBA kept rates at 4.35% but retained a hawkish bias. AUD/USD now looks to US CPI for direction as traders scale back RBA hike expectations.