Manufacturing PMI

GBP/USD has steadied after sliding to 1.3204, but the pair remains well below its August high of 1.3677. Technical traders are watching whether a bearish flag pattern can trigger renewed downside toward 1.3100.

GBP/USD has steadied after sliding to 1.3204, but the pair remains well below its August high and under pressure from diverging central bank expectations. Technical traders are watching whether a bearish flag pattern can trigger a fresh move toward 1.3100.

AUD/USD is under pressure after slipping from this month’s high of 0.7238 to around 0.7117, with traders focused on Australia’s jobs data and the Reserve Bank of Australia’s upcoming rate decision. Technical traders are watching a break below 0.7100 as a potential confirmation signal for a deeper move toward 0.7000.

The U.S. Dollar Index moved away from session lows after stronger services PMI data helped offset a softer manufacturing reading. Major currency pairs remained driven by PMI surprises, commodity strength, Japanese inflation data and key technical levels.