Employment Data

AUD/USD is consolidating after last week’s Federal Reserve rate hike triggered a sell-off, with traders watching Australian data and key geopolitical developments. RBA expectations, domestic PMI and employment figures, U.S.-China talks, and Russia-NATO tensions may determine whether the pair breaks higher or extends its decline.

Gold ended the week firmer as fading September hike expectations and a softer dollar kept the rate-relief trade in focus. Technical traders are watching $4,449.83 as the next upside test, while a break below $4,311.04 could reopen a deeper pullback toward the 50-day moving average.