eFXData

eFX Apex

The Institutional-Grade Data Hub

  • Plus: Discretionary Trades
  • Edge: Sentiment Trades
  • Alpha: Systematic Trades
  • Apex: Full Big Data Stream
TDUX
Nov 02 - 08:55 AM
–

AUD/USD - Bears Gain Traction Ahead Of US PMI & RBA Risk

By Christopher Romano  —  Nov 02 - 07:06 AM

(Adds headline)

• 0.7035-0.7004 traded overnight, NY opened near that low, down -0.40%

• The pair slowly drifted down in Asia, selling accelerated in Europe

• Downbeat China Oct.PMI helped to weigh on AUD/USD during Asia trading

• USD buying in Europe, firm US yields then added weight

• AUD/USD fell despite gold, silver, equities rallies & drop in USD/CNH

• AUD/USD fell below the 10-DMA & daily RSI turned down; are worries for bulls

• Pair hit a 7-session low, probes short-term support; those add to bulls' worries

• US Oct. S&P Global PMI, ISM manufacturing PMI are data risks in NY

• RBA cash rate decision is a key risk during Asia trading Tuesday
audusd


(Christopher Romano is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
By continuing to browse our site, you agree to our use of cookies, Privacy Notice, and Terms of Service.
© 2026 eFXdata · All Rights Reserved