AUD/USD gains momentum above 0.6500 ahead of Australian Retail Sales data

Source Fxstreet
  • AUD/USD kicks off the new week on a stronger note near 0.6535. 
  • The US Personal Consumption Expenditures (PCE) Price Index climbed by 2.7% YoY in March, above the market consensus of 2.6%. 
  • The firmer-than-expected Australian inflation data have triggered the RBA to delay the interest rate cut this year.

The AUD/USD pair trades in positive territory for six consecutive days around 0.6535 during the early Asian session on Monday. The upward momentum of the pair is bolstered by the hawkish stance from the Reserve Bank of Australia (RBA) after the recent release of Consumer Price Index (CPI) inflation data last week. The Federal Reserve's (Fed) interest rate decision and US Nonfarm Payrolls (NFP) will be in the spotlight for this week.  

Inflation in the United States rose moderately in March, keeping the US Fed to hold the interest rate higher for longer for a while. US inflation, as measured by the Personal Consumption Expenditures (PCE) Price Index, climbed to 2.7% YoY in March from 2.5% in February, above the market consensus of 2.6%, according to the US Bureau of Economic Analysis on Friday. Meanwhile, the Core PCE, excluding volatile food and energy prices, held steady at 2.8% YoY in March, stronger than the expectation of 2.6%. On a monthly basis, both headline PCE and the core PCE Price Index rose 0.3% in March.

The US central bank is expected to hold rates steady in the 5.25%–5.50% range on Wednesday. Investors anticipate the first rate cut to come in September, as recent labor market and inflation data showed a surprise on the upside.

On the Aussie front, traders increase their bets that the RBA might raise its cash rate again before it cuts. The hotter-than-anticipated Australian inflation last week erased the odds of a rate cut this year. The futures market has priced in just a 19% chance of easing at the RBA’s December meeting. The hawkish stance of the RBA boosts the Australian Dollar (AUD) and creates a tailwind for the AUD/USD pair. 

AUD/USD

Overview
Today last price 0.6536
Today Daily Change 0.0003
Today Daily Change % 0.05
Today daily open 0.6533
 
Trends
Daily SMA20 0.6505
Daily SMA50 0.6533
Daily SMA100 0.6587
Daily SMA200 0.6527
 
Levels
Previous Daily High 0.6554
Previous Daily Low 0.6517
Previous Weekly High 0.6554
Previous Weekly Low 0.6414
Previous Monthly High 0.6667
Previous Monthly Low 0.6478
Daily Fibonacci 38.2% 0.654
Daily Fibonacci 61.8% 0.6531
Daily Pivot Point S1 0.6515
Daily Pivot Point S2 0.6497
Daily Pivot Point S3 0.6477
Daily Pivot Point R1 0.6553
Daily Pivot Point R2 0.6572
Daily Pivot Point R3 0.6591

 

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
China's factories are pricing in 5.7%. Its shoppers are pricing in 0.7%.China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
Author  Irene Q.
Nov 10, Tue
China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 11, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
Author  Mitrade
Nov 11, Wed
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 11, 2026. Read on for the details.
placeholder
Gold Extends Slide Below $4,000 as Rising US Inflation, Fed December Hike Bets Pressure Prices On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
Author  TradingKey
Yesterday 02: 00
On November 12, gold prices (XAUUSD) extended their recent losses, falling further below $4,000 in early Asian trading to hit an intraday low near $3,968, marking a third consecutive day
placeholder
Gold closed below $4,000 again — the ETF crowd and central banks stayed, the momentum money leftSpot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.
Author  Irene Q.
Yesterday 03: 20
Spot gold is trading near $3,999, its third consecutive lower daily low, after a 5.00% 10-year yield and a 102.85 dollar index raised the odds of a December hike to 87%. But the selling is not coming from the strategic holders: managed-money net longs fell to 324 tonnes, a 21-week low, and Goldman Sachs attributes roughly 95% of five weeks of selling to non-reportable positions. ETFs still hold a record 4,256 tonnes and central banks bought 321 tonnes in Q3. The table below sets the triggers, directions and levels.
placeholder
US October PPI Preview: Fed Rate Hike Expectations Rise, PPI May Be Key Variable; How Will US Stocks, Dollar, and Gold Move?On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP
Author  TradingKey
Yesterday 08: 36
On Friday (Nov. 13) Eastern Time, the U.S. will release the October Producer Price Index (PPI). Following the October CPI once again exceeding expectations, the market will look to the PP
Related Instrument
goTop
quote