What is the Michigan Consumer Sentiment Index release and when is it due?

The Michigan Consumer Sentiment Index, a high-impact USD release, is scheduled for 14:00 UTC today, estimated at 47.6 versus a previous reading of 48.1. It arrives alongside three other Michigan survey components, including the 5-year and 1-year consumer inflation expectations.

What are the key technical levels to watch for AUD/USD today?

The nearest resistance is the 5-day high at 0.69889, 10.9 pips above spot, while the nearest support is R1 at 0.69743, 3.7 pips below. Further out, the daily pivot sits at 0.6953, with R3 at 0.70146 above and S1 at 0.6934 below.

Is AUD/USD bullish or bearish today?

The outlook is neutral: the daily trend is down with RSI at 34.3, the four-hour trend is mixed, and the one-hour trend is up. A break above R2 at 0.69933 or below S1 at 0.6934 would be needed to tilt the near-term picture toward either scenario.

AUD/USD Holds Above 0.6950 Pivot Ahead of Michigan Data

Q: What is the current AUD/USD price and where does it sit in today's range?

AUD/USD is trading at 0.6978, up 0.33% from the previous close at 0.69552. Today's range has run from the day low at 0.69471 to the day high at 0.69869, with price now sitting between the R1 pivot at 0.69743 and R2 at 0.69933.

Daily outlook Neutral bias Oct 9, 2026, 06:52 UTC

Daniel TanAsia-Pacific Market Analyst · ForexR analyst

AUD/USD trades near 0.6978, up 0.33% on the day, with the daily trend down but the one-hour trend up ahead of today's Michigan Consumer Sentiment Index at 14:00 UTC.

Price0.69780

Day change+0.33%

Day range0.69471 - 0.69869

ATR (14)0.00452

Resistance	Level	Support	Level
R3	0.70146	S1	0.69340
R2	0.69933	S2	0.69127
R1	0.69743	S3	0.68937
Previous day high	0.69721	Previous day low	0.69318
20-day high	0.71865	20-day low	0.69029
Daily pivot 0.69530. Data as of 2026-10-09 06:50 UTC; price from a live feed, levels computed from the previous completed daily bar.

AUD/USD 1-hour chart with the daily pivot at 0.69530, R1 0.69743, R2 0.69933, S1 0.69340, S2 0.69127 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 2026-10-09 06:50 UTC.

Where AUD/USD Stands Now

AUD/USD trades at 0.6978 during the Asia session, up 0.33% from the previous close at 0.69552, with London due to open at 07:00 UTC. The day's range has run from the day low at 0.69471 to the day high at 0.69869, a spread of 39.8 pips that already covers 88% of the 45.2-pip average true range tracked over the past 14 days.

For background on how that volatility measure is calculated, see this guide to the ATR indicator. Updated pricing and pivots for the pair are available on the AUD/USD rate page.

Trend and Momentum: Timeframes Disagree

The daily chart remains in a down state, with price below the 20-day EMA at 0.70216 and the 50-day EMA at 0.70561, though spot still sits above the 200-day EMA at 0.6972. Daily RSI reads 34.3, below the 50 midpoint.

The four-hour trend is classified as mixed, while the one-hour trend has turned up, with its 20-period EMA at 0.69655 above the 50-period EMA at 0.69621. With the daily trend pointing down, the four-hour trend mixed, and the one-hour trend up, the near-term picture does not line up in one direction.

Key Levels to Watch

Price currently sits between R1 at 0.69743 and R2 at 0.69933. The 5-day high at 0.69889 is the nearest resistance, 10.9 pips away, while R1 at 0.69743 is the nearest support, just 3.7 pips below spot.

The daily pivot stands at 0.6953, with R3 at 0.70146 above and S1, S2 and S3 at 0.6934, 0.69127 and 0.68937 below. Readers who want to work through these calculations themselves can use the pivot point calculator.

Yesterday's session, October 8, ran between a high at 0.69721 and a low at 0.69318. The 5-day range spans from a low of 0.69119 to a high of 0.69889, while the wider 20-day range runs from a low of 0.69029 to a high of 0.71865. The round number at 0.6950 sits just below current price, with 0.7000 overhead.

Bullish and Bearish Scenarios

On the upside, clearing R2 at 0.69933 would open the way toward R3 at 0.70146; a slide back under the daily pivot at 0.6953 would undo that path.

On the downside, a break of S1 at 0.6934 would open the way toward S2 at 0.69127, while a recovery back above that same daily pivot at 0.6953 would invalidate the bearish case. Both paths point to the daily pivot as the level that would turn the read around.

What Could Move AUD/USD Today

Four US releases land at 14:00 UTC today. The highest-impact is the Michigan Consumer Sentiment Index, estimated at 47.6 against a previous reading of 48.1. Alongside it sit the Michigan Consumer Expectations Index (previous 46.3), the UoM 5-year consumer inflation expectation (previous 3.4%) and the UoM 1-year consumer inflation expectations (previous 4.6%); none of those three carry a published estimate.

Newsflow from FX Street and Forex.com this week has centered on AUD/USD's downside risk and on chart patterns that could resolve into a breakout, as reported by both outlets.

The latest CFTC Commitments of Traders data, for the week to September 29, showed speculators net short AUD/USD, and the week's shift added to that net short position. This reflects positioning only, not a forecast.

US Treasury yields closed October 8 with the 2-year at 4.75%, down 2 basis points, and the 10-year at 5.22%, down 6 basis points versus the prior session, offered here as context rather than a driver.

News sentiment readings show a bullish share of 41% against a bearish share of 59%, with media mood at 100 out of 100 and an opportunity score of 32, a reading the data provider itself classifies as bullish.

Bottom Line

AUD/USD holds in a tight band between R1 at 0.69743 and R2 at 0.69933 heading into the Asia-to-London handover, with the day's range already covering most of the average true range. The daily trend is down, the four-hour trend mixed and the one-hour trend up, a combination that keeps the near-term read neutral rather than directional.

A break of R2 at 0.69933 or S1 at 0.6934 would be the signal to frame either the bullish or bearish path above, with the Michigan Consumer Sentiment Index among today's scheduled data points into the US afternoon. Further AUD/USD analysis is updated through the session on ForexR.