Friday, October 16, 2026

Technicals

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AUD/USD holds modest, Market very confident RBA rate cuts next week

AUD/USD tracking sideways this afternoon after the morning run to 0.7664 China PMI gains quickly extinguished - AUD/USD content to trade 0.7630-40 Brief relief rally that quickly loses momentum typical of recent trading …

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • AUD/USD tracking sideways this afternoon after the morning run to 0.7664

  • China PMI gains quickly extinguished - AUD/USD content to trade 0.7630-40

  • Brief relief rally that quickly loses momentum typical of recent trading

  • Fundamentals all pointing in wrong direction as iron ore price tumbles

  • A strong NFP number Friday night cld send AUD/USD hurtling thru 75 cents 

 

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team