• AUD/USD eased slightly on Wednesday as investors absorbed the latest Australian Manufacturing PMI figures, which showed slower growth in the Manufacturing sector than expected.
• The S&P Global Australia Manufacturing PMI slipped to 51.4 in September 2025 from 53 in August, signaling ongoing growth in the sector though at a weaker pace.
• The RBA kept its cash rate at 3.60% on Tuesday, noting inflation may outpace Q3 forecasts amid an uncertain outlook.
• The RBA ended its two-day meeting, saying it would stay cautious on policy but ready to act on global developments.
• Markets now imply only a 35% chance of a cut in November and 50% for December, and have priced in 29 basis points of total easing, compared with 47 basis points a couple of weeks ago.
• Immediate resistance is located at 0.6688(23.6%fib), any close above will push the pair towards 0.6717(Higher BB)
• Support is seen at 0.6602(SMA 20) and break below could take the pair towards 0.6540(38.2%fib).
Recommendation: Good to buy around 0.6600 with stop loss of 0.6550 and target price of 0.6660
