The AUD/USD pair extends gains above the crucial resistance of 0.6368 in the early New York session. The Aussie asset is approaching the rou
AUD/USD approached 0.6400 as the US Dollar corrected amid improved market mood. 10-year US Treasury yields jumped to near 4.89%, reflecting the confidence of investors in the US economic strength. Caixin Manufacturing PMI data for October is seen expanding to 50.8 vs. the former release of 50.6. nd-level resistance of 0.6400 as the US Dollar has corrected after failing to recover above the 106.70 resistance.
28 as investors shift focus to the US ADP Employment Change and the ISM Manufacturing PMI data for October, which will be announced on Wednesday. Investors will keenly watch the US factory data as it has been contracting consistently for the last 11 months. S&P Global survey showed that private factory PMI met the 50.0 threshold in October. Meanwhile, the Australian Dollar will be impacted by the Caixin Manufacturing PMI data for October.
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