Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
FxWirePro: GBP/AUD extends losses after RBA rate hike 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
FxWirePro: GBP/NZD remains weak, eyes 2.2550 level 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Urban studies: Doing research when every city is different 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
AUD/USD chart on Trading View used for analysis
- AUD/USD is trading 0.17% lower at 0.7092 at the time of trading.
- Disappointing Australian CPI and Chinese manufacturing PMI reports continue to weigh down on the sentiment.
- Q3 CPI came in largely at expectations, although the key q/q headline CPI missed forecasts slightly, coming in at 1.8% versus the expected 1.9%.
- Further, China manufacturing PMI fell to 50.2 in October, the lowest reading in over two years, sending the AUD further lower.
- The major hit session lows at 0.7072 before paring some losses to currently trade at 0.7092.
- Major trend for the pair remains bearish. We see stiff resistance at 21-EMA at 0.7109.
- Bollinger bands are narrowing suggesting shrinking volatility, momentum studies are biased neutral.
- Focus now on US employment data for further direction.
Support levels - 0.7083 (5-DMA), 0.7040 (Lower BB)
Resistance levels - 0.7109 (21-EMA), 0.7182 (55-EMA)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
