FxWirePro: AUD/USD edges lower as investors digest mixed Australia PMI figures

• AUD/USD edged lower on Friday  as investors digested mixed Australian Purchasing Managers Index data.  

• Australia’s S&P Global Manufacturing PMI dropped to 49.7 in October 2025 from 51.4 in September, signaling a return to contraction after nine straight months of growth.

• The Services PMI rose to 53.1 in October from 52.4 in September, while the Composite PMI improved slightly to 52.6 from 52.4 previously.

• The third-quarter  Australia CPI, scheduled for release next Wednesday, will be the key event on next week’s calendar and is expected to play a decisive role in determining whether the Reserve Bank of Australia lowers its 3.60% cash rate at the November 3–4 meeting.

• Immediate resistance is located at 0.6529 (38.2%fib), any close above will push the pair towards 0.6541(SMA 20).

• Support is seen at 0.6461(38.2%fib) and break below could take the pair towards 0.6441 (Lower BB).

 Recommendation: Good to sell around 0.6510, with stop loss of 0.6570 and target price of 0.6440