AUD/USD tumbles to six-day low and hovers around 0.6600

Source Fxstreet
  • AUD/USD falls 0.20% to 0.6605, continuing its third day of losses.
  • US economic resurgence evident with S&P Global Composite PMI at a 12-month high of 54.4.
  • Strong US Services PMI at 54.8 and Manufacturing PMI at 50.9 dampen hopes for a Fed rate cut.

The Australian Dollar lost 0.20% against the US Dollar for the third straight day on Thursday as investors digested the latest S&P Global PMI report in the US, hinting the economy is reaccelerating. Consequently, Federal Reserve rate cut hopes were hurt, with traders expecting 27 basis points of easing toward the end of the year. The AUD/USD trades at 0.6605, virtually unchanged.

Aussie Dollar slumped as the Greenback got underpinned by strong PMIs

Wall Street ended the session with losses. US Treasury bond yields jumped following the release of the S&P Global Composite PMI, rising to 54.4, its highest level in twelve months. The Services PMI rose to 54.8, its highest level since October 2022, while the Manufacturing PMI expanded by 50.9, exceeding estimates and forecasts of 50.0.

The data propelled the AUD/USD from around 0.6650 toward 0.6618 on the data release. Earlier, the US Department of Labor (DOL) revealed that Initial Jobless Claims rose less than expected, to 215K, below 220K, and much less than the 223K of the previous reading.

Thursday data, along with the latest FOMC minutes, revealed that Fed officials are ready to tighten policy “should risks to outlook materialize and make such action appropriate.” They added that the disinflation process “would take longer than previously anticipated,” warranting higher rates for longer.

On the Aussie’s front, Thursday’s economic docket featured the release of the Judo Bank Manufacturing and Services PMIs final readings for May. The Services PMI came at 49.6, unchanged while the Manufacturing PMI stood at 53.1, lower than the 53.6 on its preliminary release.

AUD/USD Price Analysis: Technical outlook

After trading within a narrow range of 0.6640-0.6700, the AUD/USD broke below the bottom of the range and extended its losses towards the 0.6610 region. Buyers appear to be losing momentum, as indicated by the Relative Strength Index (RSI) flattening out despite being in bullish territory, suggesting potential for lower price levels.

The first support for AUD/USD is at 0.6600. If this level is breached, it will expose the 100-day moving average (DMA) at 0.6562, followed by the 50 and 200-DMAs at 0.6553 and 0.6526, respectively. Conversely, if buyers regain control and push prices above 0.6640, it could pave the way towards 0.6700.

AUD/USD

Overview
Today last price 0.6605
Today Daily Change -0.0015
Today Daily Change % -0.23
Today daily open 0.662
 
Trends
Daily SMA20 0.6603
Daily SMA50 0.6553
Daily SMA100 0.6564
Daily SMA200 0.6528
 
Levels
Previous Daily High 0.6686
Previous Daily Low 0.6608
Previous Weekly High 0.6714
Previous Weekly Low 0.658
Previous Monthly High 0.6644
Previous Monthly Low 0.6362
Daily Fibonacci 38.2% 0.6638
Daily Fibonacci 61.8% 0.6656
Daily Pivot Point S1 0.659
Daily Pivot Point S2 0.656
Daily Pivot Point S3 0.6513
Daily Pivot Point R1 0.6668
Daily Pivot Point R2 0.6715
Daily Pivot Point R3 0.6745

 

Australian Dollar PRICE This week

The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies this week. Australian Dollar was the strongest against the Japanese Yen.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.51% 0.04% 0.88% 0.82% 1.33% 0.59% 0.58%
EUR -0.51%   -0.50% 0.42% 0.31% 0.86% 0.07% 0.07%
GBP -0.04% 0.50%   0.78% 0.82% 1.35% 0.56% 0.56%
JPY -0.88% -0.42% -0.78%   -0.08% 0.45% -0.29% -0.30%
CAD -0.82% -0.31% -0.82% 0.08%   0.47% -0.24% -0.24%
AUD -1.33% -0.86% -1.35% -0.45% -0.47%   -0.79% -0.78%
NZD -0.59% -0.07% -0.56% 0.29% 0.24% 0.79%   -0.01%
CHF -0.58% -0.07% -0.56% 0.30% 0.24% 0.78% 0.00%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).

 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Today’s Market Recap: U.S. Stocks Rebound as Nasdaq Gains 1.11%, Memory Chip Stocks Rally, SanDisk Jumps 5.5%U.S. stocks rebounded on Monday, October 19, following a sharp sell-off in AI infrastructure stocks last week, lifting the Nasdaq Composite and S&P 500.At the clo
Author  TradingKey
Yesterday 01: 25
U.S. stocks rebounded on Monday, October 19, following a sharp sell-off in AI infrastructure stocks last week, lifting the Nasdaq Composite and S&P 500.At the clo
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 20, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 20, 2026. Read on for the details.
Author  Mitrade
Yesterday 03: 17
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 20, 2026. Read on for the details.
placeholder
Dollar presses 102 as the 10-year yield sits at 5.14% — and October hike odds are only 17%The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.
Author  Irene Q.
Yesterday 05: 50
The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.
placeholder
Tesla Q3 Earnings Preview: Can Auto Margins Stabilize? Wall Street’s Highest Price Target at $550Tesla (TSLA) will report its third-quarter 2026 financial results after the U.S. stock market close on October 21, Eastern Time, and host an earnings conference call at 17:30 that day. Th
Author  TradingKey
Yesterday 10: 22
Tesla (TSLA) will report its third-quarter 2026 financial results after the U.S. stock market close on October 21, Eastern Time, and host an earnings conference call at 17:30 that day. Th
placeholder
Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 21, 2026Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 21, 2026. Read on for the details.
Author  Mitrade
7 hours ago
Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 21, 2026. Read on for the details.
Related Instrument
goTop
quote