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fxJul 1, 2026, 2:02 AM

AUD/USD Stays Below 0.6900 After China PMI Weighs

The AUD/USD pair remains below the 0.6900 level, pressured by a stronger US dollar and disappointing Chinese manufacturing data.

AUDUSD

The Australian dollar continues to trade under pressure against the US dollar, with AUD/USD holding below the 0.6900 mark during Asian trading. The pair failed to build on the previous day's recovery from the 0.6865 area, which marked a three-month low, and encountered fresh selling pressure.

The decline comes after the release of China's manufacturing PMI data, which added to concerns over the health of Australia's largest export market. A broadly firmer US dollar also contributed to the Aussie's weakness, as the greenback gained traction amid risk-off sentiment.

Technical levels to watch include support near the 0.6865 region, and a break below could open the door to further downside. On the upside, resistance is seen at 0.6900 followed by the 0.6950 area.

Source: FXStreet Forex News