“¢ The post-FOMC USD upsurge/softer Chinese data kept exerting downward pressure. “¢ The prevalent risk-off mood further driving flows away from perceived riskier currencies. “¢ US PPI print/UoM consumer sentiment index eyed for some short-term trading impetus. The AUD/USD pair now seems to have entered a bearish consolidation phase and is currently placed at the lower end of its daily trading range, just below mid-0.7200s. The pair extended overnight rejection slide from the 0.7300 handle, with a combination of factors exerting some additional downward pressure for the second consecutive session on Friday. The post-FOMC US Dollar upsurge back closer to monthly tops, combined with softer Chinese PPI print exerted some follow-through long-unwinding pressure on the China-proxy Australian Dollar. Adding to this, the prevalent risk-off mood was further seen benefitting the greenback relative safe-haven status against its Australian counterpart and further collaborated to the pair’s offered tone. The bearish pressure now seems to have receded, at least for the time being, as market participants now look forward to the US economic docket for some fresh impetus. The latest US PPI figures, coupled with the release of Prelim UoM Consumer Sentiment index for November might influence the USD price dynamics and produce some trading opportunities on the last trading day of the week. Technical levels to watch Any subsequent slide is likely to find support near the 0.7225 region ahead of the 0.7200 handle, below which the pair is likely to accelerate the fall further towards the 0.7160-50 support zone. On the flip side, the 0.7270-75 region now seems to have emerged as an immediate resistance, which if cleared might assist the pair to make a fresh attempt towards conquering the 0.7300 handle. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin took one step forward, will it shoot higher? Yohay Elam 4 years "¢ The post-FOMC USD upsurge/softer Chinese data kept exerting downward pressure. "¢ The prevalent risk-off mood further driving flows away from perceived riskier currencies. "¢ US PPI print/UoM consumer sentiment index eyed for some short-term trading impetus. The AUD/USD pair now seems to have entered a bearish consolidation phase and is currently placed at the lower end of its daily trading range, just below mid-0.7200s. The pair extended overnight rejection slide from the 0.7300 handle, with a combination of factors exerting some additional downward pressure for the second consecutive session on Friday. The… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.