AUD/USD Pulls Back Off Session Highs to Trade at About 0.6551

By Nicholas Kitonyi October 9, 2025, 8:23 pm • Posted in Forex

On Thursday, the AUD/USD currency pair pulled back from the session highs of about 0.6611 to trade at about 0.6551 after the latest data. The currency pair trades within a slightly descending channel formation in the 60-minute chart.

Thursday’s pullback pushed the pair a few levels below the 100-hour moving average line. As a result, the currency pair is on the verge of entering the oversold levels of the 14-hour RSI.

AUD/USD Fundamentals Overview

From a fundamental perspective, the AUD/USD currency pair trades during a relatively busy period in both markets. In Australia, the consumer inflation expectation for October improved slightly to 4.8%, up from 4.7% in the previous update. On the other hand, the Westpac consumer confidence for the month fell to -3.5%, down from -3.1%, while the TD-MI inflation gauge for September edged higher to 3%, up from 2.8% (YoY).

In the U.S., MBA mortgage applications posted an improved change of -4.7%, compared to -12.7% in the previous period. RealClearMarkets/TIPP Economic Optimism fell short of the forecasted reading of 49.3, with a reading of 48.3, down from 48.7.

The redbook index also posted a reduced change of 5.8% versus 5.9% in the previous update. The consumer credit change for August came in lower than expected, with $0.36 billion versus a forecast of $13.5 billion, down from $18.05 billion posted in the previous update.

Traders will be looking for the preliminary Michigan Consumer Sentiment Index for October and the UoM consumer inflation expectations on Friday.

AUD/USD Technical Analysis (the 60-min Chart)

Technically, the AUD/USD currency pair trades within a slightly descending channel formation in the 60-minute chart. The 14-hour RSI has also pulled back to move closer to oversold conditions.

Therefore, the bears will look to stretch the current pullback towards 0.6521 or lower to 0.6489. On the other hand, the bulls will look to pounce on rebounds at about 0.6582 or higher to 0.6611.

AUD/USD Technical Analysis (the Daily Chart)

In the daily chart, the AUD/USD currency pair trades within an ascending channel formation. However, the 14-day RSI has recently pulled back to avoid rallying into overbought conditions.

Therefore, the bears will look to extend the current downward movement towards 0.6466 or lower to 0.6385. On the other hand, the bulls will look to pounce on profits at about 0.6627 or higher at 0.6705.