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AUD/USD extended its decline after the Reserve Bank of Australia lifted interest rates to 4.85%, the highest level in eighteen years. Technical traders are watching 0.6895 as the next downside target, while a move above 0.7000 would weaken the bearish setup.

GBP/USD extended its rebound to around 1.3415 as a softer US dollar outweighed firm US economic data. Traders are now watching the Bank of England decision and US labor market releases as the pair tests resistance near 1.3428.

AUD/USD is consolidating near 0.7030 after recovering from 0.6895, with traders watching the Reserve Bank of Australia decision and US labor market data. Technical traders are focused on 0.7055 as a confirmation level for a possible move toward 0.7100, while 0.6985 remains a key downside reference.

EUR/USD is hovering near the important 1.1111 support level after the latest Federal Reserve and European Central Bank decisions kept the pair in a narrow range. Technical traders are watching a potential double-bottom formation that could open the door to a move toward 1.1270 if upcoming US labor data supports the setup.

GBP/USD has extended its recovery from the October low, with buyers watching whether resistance at 1.3421 can give way. The next major catalysts include the Bank of England rate decision, US midterm elections, PMI releases and US nonfarm payrolls data.

AUD/USD fell to 0.6985, its weakest level since July 30, as a stronger US dollar and rising US yields outweighed another Reserve Bank of Australia rate hike. Technical traders are watching whether the pair can stabilize above 0.6900 or extend its latest bearish break.

EUR/USD is trading near its lowest level since June 24 after sliding to 1.1367, with traders focused on upcoming US jobs, inflation and confidence readings. Technical signals remain bearish as the pair holds below its 50-day moving average and a descending trendline.

Gold advanced sharply as signs of possible de-escalation around Iran pressured crude oil and weakened the inflation case for further rate hikes. XAUUSD traded at $4249.84, up $172.79 or +4.24%, while traders weighed softer private payrolls and a more supportive technical backdrop.