The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Tuesday for the third successive session. The AUD/USD pair appreciates following Westpac Consumer Confidence, which declined 3.1% to 95.4 in September from 98.5 in August. The drop reflected renewed concern about the economic outlook. Focus shifts toward the US Nonfarm Payrolls Benchmark Revision due later in the day.
Mathew Hassan, Head of Australian Macro-Forecasting, noted that consumer recovery since mid-2024 has been sluggish, suggesting that additional policy easing may be required by the Reserve Bank of Australia (RBA). Hassan expects the central bank to lower rates by 25 basis points (bps) in November, followed by two further cuts in 2026.
The AUD, however, received support after last week’s solid July Trade Surplus and Q2 GDP figures, along with hotter July inflation, dampening expectations of additional Reserve Bank of Australia rate cuts. Swaps are now assigning nearly an 84% probability that the RBA will keep policy unchanged in September, while the likelihood of a 25-basis-point rate cut in November has eased to 80% from 100%.
The AUD/USD pair is trading around 0.6590 on Tuesday. The technical analysis of the daily chart shows the pair moves upwards within the ascending channel pattern, suggesting the strengthening of a bullish bias. Additionally, the pair is positioned above the nine-day Exponential Moving Average (EMA), indicating short-term price momentum is stronger.
On the upside, the AUD/USD pair may target the upper boundary of the ascending channel at around 0.6620, followed by the 10-month high of 0.6625, which was recorded on July 24. A break above this crucial resistance zone would strengthen the bullish bias and support the pair to approach the 11-month high of 0.6687, recorded in November 2024.
The initial support lies at the nine-day EMA of 0.6551, aligned with the ascending channel’s lower boundary around 0.6540. A break below the channel would weaken the bullish bias and prompt the AUD/USD pair to test the 50-day EMA at 0.6511. Further declines would dampen the medium-term price momentum and open the doors for the pair to navigate the region around the three-month low of 0.6414, recorded on August 21.
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Canadian Dollar.
USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
---|---|---|---|---|---|---|---|---|
USD | -0.06% | -0.10% | -0.10% | 0.04% | -0.10% | -0.02% | -0.12% | |
EUR | 0.06% | -0.05% | -0.03% | 0.10% | 0.03% | 0.07% | -0.05% | |
GBP | 0.10% | 0.05% | -0.02% | 0.14% | 0.08% | 0.11% | -0.01% | |
JPY | 0.10% | 0.03% | 0.02% | 0.12% | 0.04% | 0.09% | -0.02% | |
CAD | -0.04% | -0.10% | -0.14% | -0.12% | -0.11% | -0.03% | -0.15% | |
AUD | 0.10% | -0.03% | -0.08% | -0.04% | 0.11% | 0.04% | -0.08% | |
NZD | 0.02% | -0.07% | -0.11% | -0.09% | 0.03% | -0.04% | -0.10% | |
CHF | 0.12% | 0.05% | 0.01% | 0.02% | 0.15% | 0.08% | 0.10% |
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).
The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. Generally speaking, a high reading is seen as positive (or bullish) for the AUD, whereas a low reading is seen as negative (or bearish).
Read more.Last release: Tue Sep 09, 2025 00:30
Frequency: Monthly
Actual: -3.1%
Consensus: -
Previous: 5.7%
Source: University of Melbourne