ISM Manufacturing PMI

The U.S. dollar advanced as traders weighed resilient American economic data, a softer Canadian manufacturing reading and steady euro area unemployment. Major currency pairs remained technically sensitive, with EUR/USD, GBP/USD, USD/CAD and USD/JPY all approaching important support or resistance zones.

AUD/USD has fallen to its weakest level since June 30, pressured by a stronger US dollar and rising US yields. Traders are watching upcoming labor market and manufacturing data as technical signals point to continued downside risk.

GBP/USD remains on the defensive as escalating US-Iran tensions, higher energy prices and rising government bond yields support demand for the dollar. Technical traders are watching whether weakness below recent support opens the way toward 1.3450 in the near term.

EUR/USD retreated to 1.1515 after stronger-than-expected US manufacturing readings reinforced near-term dollar demand. Technical traders are watching the 1.1483 neckline area and the 1.1620 resistance level as the next key markers.

The U.S. dollar gained ground as traders reacted to a stronger-than-expected ISM Manufacturing PMI reading. EUR/USD and GBP/USD pulled back, USD/CAD advanced as commodity-linked currencies softened, and USD/JPY moved away from session lows after recent intervention activity.

AUD/USD has advanced to its highest level since June 17, extending a rebound from its June low as traders assess US policy signals, Middle East risks and upcoming economic data. Technical traders are watching whether the pair can clear resistance at 0.7100 or slip back toward support near 0.6920.