AUD/USD Outlook: Trade Data and US PMI in Focus

The Forex newsletter for the day is here. DXY , XAUUSD , XAGUSD , COPPER , USOIL , NASDAQ , S&P 500 E-Mini , USDCHF , trade data and US PMI in focus

DXY

( Day before Yesterday Given DXY Buy above 101.00 Almost Target done)

Buy on dip around 101.00
Upside target look 101.600
Stop loss below 100.400

XAUUSD

( Day before Yesterday Given XAUUSD Sell on rise around 2660 Almost Target done)

Sell on rise around 2660
Downside target look 2645–2630
Stop loss above 2686

XAGUSD

Buy around 31.40
Upside target look 31.75–32.00
Stop loss below 30.85

COPPER

(HG1) (Day before Yesterday Given Sell on rise around 4.6000 First Target done)

Buy on dip around 4.5800
Upside target look 4.6300–4.6900
Stop loss below 4.5300

USOIL

Buy on dip around 71.00
Upside target look 71.90
Stop loss below 70.10

NASDAQ

Sell on rise around 20100
Downside target look 19950
Stop loss above 20250

S&P 500 E-Mini

(Day before Yesterday Given Sell below 5800 All Target done)

Buy above 5780
Upside target look 5810–5840
Stop loss below 5750

Top Pick

USDCHF

Buy on dip around 0.84900
Upside target look 0.85400 —0.85900
Stop loss above 0.84500

Australia’s trade surplus is forecasted to narrow from A$6.009B to A$5.500B, possibly driving AUD/USD lower. This could reinforce expectations of a dovish RBA stance. US jobless claims and ISM Services PMI will also influence the pair’s trajectory, especially if weaker US data suggests a Fed rate cut.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: Economic Data: Unemployment Claims & ISM Services in Focus Copper Hits Target: Bullish Momentum for More Gains Ahead

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