ISM NON Manufacturing PMI

AUD/USD is consolidating after a sharp move to multi-month highs, with traders now focused on U.S. employment data due later this week. The pair’s next direction may depend on whether labor-market figures support or weaken expectations for a firmer U.S. dollar.

GBP/USD climbed to its highest level since June 17 after another round of disappointing US economic data weakened dollar sentiment. Technical traders are watching whether resistance near the 100-day moving average caps the move or opens the door to a test of 1.3500.

AUD/USD pushed above a closely watched resistance area after weaker US services data added pressure on the dollar. Traders are now focused on Federal Reserve minutes, Fed commentary, 0.6865 support and 0.7100 resistance.