• The Australian stops near 0.6400 despite earlier profits.
• Post-PMI mood darkened with risk appetite and benefits USD.
• The measured RBA attitude limits deeper soothing plants and may limit the minus.

The Aud/USD pair provides pressure of nearly 0.6400 after the PMI’s global data is issued (USA) for February. Although traders believe that the tariff program of President Donald Trump is less destructive than initially feared, the cautious attitude of the Australia Bank (RBA) also limits the attempt to expand his recent Australian growth.

Daily Digest Market Movers: Aussie is draining as the US PMI is disappointing

• PMI US production brought 51.6, exceeding 51.5 consensus, but PMI services concluded a contract to 49.7, a significant Miss compared to 53.0 estimates – submitting wider economic optimism.
• The University of Michigan consumer mood indicator has dropped below expectations, and a five -year indicator of consumer inflation expectations increased above forecasts, reflecting constant prices for prices.
• The American dollar index (DXY) hung around 106.60, initially increased by decent production data, but later alleviated by disappointing services.
• Tariff seconders persist despite the signs that Trump’s proposed means may be less harsh, because allies continue negotiations. The market remains cautious towards potential escalation towards key trading partners, including China.
• The Australian dollar (AUD) has weakened modestly, although the hawk rhetoric of the Governor of the RBA Michele Bullock, emphasizing the risk of reducing rate reduction, can provide some support.
• Earlier 25 RBA base points up to 4.10% were formulated as a cautious movement among the signs of cooling inflation. Analysts predict only one 25 base points reduced in 2025, unless the consumer price indicator (CPI) moves clearly.

Technical perspectives AUD/USD: Bulls will not extend the rally, the pair rises below the key resistance

The Aud/USD pair withdrew after testing the 0.6400 mark, undergoing some of the earlier profits in the lithe of PMI USA. The relative force indicator (RSI) remains in the higher positive zone, but now it decreases, which suggests the softening pressure of stubborn. Meanwhile, the histogram of the average movable discrepancy (MacD) prints the more flat green rods, indicating the slowdown of the momentum.

Although the pair remains above the 20-day straight movable average, the lack of a fracture of a 100-day straight movable average emphasizes the possible phase of consolidation, leaving traders prepared for further tariff or nursing rules to set the next direction tip.