FxWirePro: AUD/USD bulls undeterred, eyes 0.6900 level

• AUD/USD edged higher on Friday as risk sentiment and strong domestic data support the Aussie.

• Australia’s private-sector activity surged at the start of 2026, with flash PMI data showing strong momentum across both .

• Australia Composite PMI climbed to 55.5 in January from 51.0 in December, marking 16 straight months of expansion and the strongest reading since April 2022, matched only in August 2025, driven by faster growth across both key sectors.

• Australia’s Q4 CPI is set for release next week, a crucial gauge ahead of the RBA’s February 3 policy meeting.

• The market now implies a 60% chance of a quarter-point hike in the 3.60% cash rate when the RBA meets on February 3, double the probability at the start of the week..

•  Immediate resistance is located at 0.6856(23.6%fib), any close above will push the pair towards 0.6900(Psychological level).

•  Support is seen at 0.6769(38.2%fib) and break below could take the pair towards 0.6725(SMA 20)

Recommendation: Good to buy around 0.6840 with stop loss of 0.6760, and target price of 0.6900