Australian dollar

Aussie momentum has deteriorated sharply into quarter-end, with inflation, Core PCE and NFP on tap as AUD/USD closes in on a pivotal technical threshold.

Recent trading sessions have reflected a more neutral tone around the Australian dollar. This can be seen in AUD/USD price action, which has posted moves of roughly 0.2% over the last two sessions without establishing a clear direction. Much of this lack of momentum is linked to expectations surrounding the next policy moves from both the Reserve Bank of Australia (RBA) and the Federal Reserve.

AUD/USD remains under pressure after breaking key trend support, with the latest decline putting the focus on the next major downside pivot.

AUD/USD outlook ahead of Australian employment, RBA speakers and the Trump–Xi summit as the Aussie extends its two-week retracement.

Aussie has reversed sharply from the September highs, with weakening momentum raising the stakes at support ahead of tomorrow’s Fed decision.

Aussie has advanced in eight of the past nine weeks, but the next technical hurdle could determine whether bulls can sustain the broader advance.

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

Learn about the 10 most traded currencies like the dollar, euro and yen and learn why forex traders prefer trading these major currencies

Learn about the 10 most traded currencies like the dollar, euro, and yen and why forex traders prefer trading these major currencies.