Australian Dollar retraces recent gains despite improved market optimism

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The Australian Dollar (AUD) edges lower against the US Dollar (USD) as traders await the ISM Manufacturing PMI data due on Tuesday.

The Australian Dollar declines as the US Dollar advances due to improved Treasury yields. The downside of the AUD could be limited due to improved risk sentiment amid dovish sentiment surrounding the Fed. The US Dollar may face challenges due to rising odds of a 25 basis point rate cut by the Fed. The Australian Dollar edges lower against the US Dollar as traders await the ISM Manufacturing PMI data due on Tuesday.

A break below these EMAs could weaken the bullish bias and increase downward pressure, potentially driving the pair toward the throwback level at 0.6575, with further decline possibly targeting the lower support at 0.6470. AUD/USD: Daily Chart Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar against listed major currencies today. Australian Dollar was the weakest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.08% 0.05% 0.10% 0.04% 0.

 

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