Written and reviewed by Kevin Nerway · Last verified 7 November 2026
Key Takeaways
- AUD/USD dropped more than 3% into the November open, completely unwinding its 2.5% late-October rebound.
- The technical reversal occurred after price action stalled at the 200-day moving average and broke the October uptrend line.
- Stronger-than-expected U.S. Nonfarm Payrolls data boosted Fed tightening expectations, counteracting the RBA's recent rate hike.
- Critical support zones around 6855/65 and the June low at 6757 are now under direct test ahead of upcoming U.S. inflation data.
On November 6, 2026, the Australian Dollar (AUD/USD) suffered a sharp 3% plunge into the November open, completely unwinding its late-October rebound after hitting firm resistance at its 200-day moving average. The sell-off was triggered by a stronger-than-expected U.S. Nonfarm Payrolls report, which re-energized rate tightening expectations for the Federal Reserve and eclipsed the Reserve Bank of Australia’s (RBA) latest rate increase. At PropFirmScan, our desk tracked the price action across major sessions as order flow flipped decisively back toward the greenback.
Technical Breakdown Around the 200-Day Moving Average
The short-term technical picture for AUD/USD deteriorated quickly after the pair failed to sustain its late-October rally. Having rebounded over 2.5% off its October lows, the bounce stalled precisely at the 50% retracement of