Where are the key technical support and resistance levels for AUD/USD today?

The immediate resistance level is the daily pivot at 0.69591. On the downside, the nearest support sits at the previous day low of 0.69412, which also serves as the low for both the 5-day and 20-day trading windows.

What key US economic indicators are affecting AUD/USD today?

Traders are monitoring a heavy slate of US data, highlighted by the ISM Manufacturing PMI at 14:00 UTC. The session also features Initial Jobless Claims at 12:30 UTC and multiple speeches from Federal Reserve officials extending late into the evening.

How are large speculators positioned in the Australian Dollar?

According to the CFTC Commitments of Traders report as of the week to September 22, large speculators were net short AUD/USD. During that reporting period, speculators added to net short AUD/USD positions.

AUD/USD Forecast Today: Aussie Tests Support Ahead of ISM PMI

Daily outlook Bearish bias Oct 1, 2026, 09:07 UTC

Daniel TanAsia-Pacific Market Analyst · ForexR analyst

AUD/USD remains locked in a clear downtrend across all major timeframes during the London session. Technical support at 0.69412 faces ongoing pressure ahead of a heavy slate of US economic data.

Price0.69467

Day change+0.06%

Day range0.69375 - 0.69547

ATR (14)0.00460

Resistance	Level	Support	Level
R3	0.70294	S1	0.69244
R2	0.70116	S2	0.69066
R1	0.69769	S3	0.68719
Previous day high	0.69937	Previous day low	0.69412
20-day high	0.72369	20-day low	0.69412
Daily pivot 0.69591. Data as of 2026-10-01 07:06 UTC; price from a live feed, levels computed from the previous completed daily bar.

AUD/USD 1-hour chart with the daily pivot at 0.69591, R1 0.69769, R2 0.70116, S1 0.69244, S2 0.69066 and the bullish and bearish scenario paths — AUD/USD, 1-hour candles with the daily pivot levels, the range between nearest support and resistance, and both scenario paths. Data as of 2026-10-01 07:06 UTC.

Where AUD/USD Stands Now

During the London session, the Australian Dollar trades at 0.69467 against the US Dollar. The pair is up 0.00044, or 0.06%, from the previous close of 0.69423. Price action has been relatively contained so far today, mapping a high of 0.69547 and a low of 0.69375.

This session's 17.2-pip range accounts for just 37% of the 14-day Average True Range, which currently sits at 46 pips. This quiet start to the day suggests the market is waiting for an incoming catalyst before committing to a larger directional move.

Trend and Momentum Align Lower

The technical timeframes agree entirely on the current market structure. The daily, H4, and H1 charts all show a confirmed downtrend in progress. Looking at the daily chart, price remains positioned firmly below the 200-day exponential moving average of 0.69674.

Momentum indicators reflect this sustained selling pressure. The 14-day relative strength index on the daily chart registers at 27.1, placing the pair in deeply oversold territory.

Key Levels Defining the Session

For traders watching the immediate technical boundaries on the AUD/USD live chart, the nearest resistance is the daily pivot at 0.69591. On the downside, the nearest support rests at the previous day low of 0.69412. The previous day's trading carved out a range defined by a high of 0.69937 and a low of 0.69412.

Stepping back to wider views, the 5-day window shows a high of 0.70441 and a low of 0.69412. The 20-day window maps a broader top at 0.72369, while sharing the same recent low of 0.69412. In terms of psychological round numbers, resistance stands at 0.695, with support resting below at 0.69.

Actionable Trading Scenarios

In a bearish scenario, a breakdown below the S1 trigger at 0.69244 clears a path toward the S2 target at 0.69066. A recovery back above the daily pivot at 0.69591 would invalidate this view.

Should buyers step in to force a bullish reversal, clearing the R1 trigger at 0.69769 opens the way to the R2 target at 0.70116. A subsequent drop back below the daily pivot at 0.69591 cancels this setup.

US Economic Data and Market Drivers

Today's economic calendar is heavily weighted toward US events. The schedule opens with Challenger Job Cuts at 09:30 UTC, following a previous print of 52.881. At 12:30 UTC, Initial Jobless Claims are scheduled for release, with estimates pointing to 200 against a previous 197.

The session's primary fundamental focus arrives at 14:00 UTC with the high-impact US ISM Manufacturing PMI, estimated at 55 from a previous 54.6. This drops alongside ISM Prices Paid, estimated at 72.3, as well as the New Orders and Employment indexes. The market will also digest a dense lineup of Federal Reserve speakers, featuring Waller at 14:00 UTC, Jefferson at 17:30 UTC, Bowman at 19:00 UTC, followed by Williams and Cook at 19:30 UTC.

Recent newsflow themes, as reported by FX Street, Action Forex, and Forexcom, center around technical breakdown risks near 0.6950, fading expectations for Reserve Bank of Australia rate hikes, and the broader impact of US bond markets. Media mood data shows a 100 reading with a 61% bullish share of news coverage, while the independent opportunity read sits at -9, signaling a neutral environment.

Providing structural context, the CFTC Commitments of Traders report as of the week to September 22 showed large speculators were net short AUD/USD. Over that reporting period, speculators added to net short AUD/USD positioning in the futures market. Meanwhile, US Treasury yields at the daily close of September 30 placed the 10-year yield at 5.29%, up 3 basis points, and the 2-year yield at 4.88%, down 1 basis point.

Bottom Line

The Australian Dollar approaches the US session entrenched in a multi-timeframe downtrend, hovering precariously near its 20-day low of 0.69412. With momentum deeply oversold, the market awaits the high-impact ISM Manufacturing PMI and an array of Fed speakers to provide the next major catalyst.