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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.

December E-mini S&P 500 Index futures are trading above the 50-day moving average in overnight action, keeping the main daily trend pointed higher. Softer PCE inflation helped rate-hike expectations ease, but firm Treasury yields and cautious Fed commentary kept broader equity sentiment uneven.

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.

The Nasdaq Composite traded lower as Nvidia’s expanded buyback authorization drew buyers into the stock while the broader semiconductor group weakened. Higher Brent crude and elevated Treasury yields kept pressure on technology shares ahead of key inflation, manufacturing and employment data.

AUD/USD climbed to 0.7170, its highest level since June 3, as broad US dollar weakness supported the Australian dollar despite softer domestic jobs data. Technical traders are watching 0.7050 as a key downside level and 0.7266 as the next major upside target.

EUR/USD edged higher to trade around 1.1400, staying above this week’s low of 1.1353 as markets assessed geopolitical risk and the upcoming Federal Reserve decision. Traders are watching whether a hawkish pause, inflation data and technical resistance near 1.1483 can shape the next move.