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Forex Market Analysis: AUD/USD Leads Amid Choppy Week and Fed Rate Recalibration

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Forex Market Analysis: AUD/USD Leads Amid Choppy Week and Fed Rate Recalibration

Published: November 17, 2025

Market Overview

The forex market experienced a choppy week due to valuation fears, a rotation within the market, and a recalibration of Fed rate cut expectations. These pressures have led to questions surrounding the three core premises of the bull market, with some analysts suggesting that the recent turbulence may indicate a larger market washout. Stock futures remained relatively unchanged at the start of the week, as investors and traders awaited more concrete direction from central banks and other key market drivers.

In international trade, China appears to be delaying U.S. soybean purchases, leading to increased stockpiles and casting doubts on the efficacy of President Trump’s trade deal claims. This strategic “slow-roll” approach could potentially bait the Trump administration into prolonged negotiations. Meanwhile, the U.K. finance minister is navigating a budget tightrope as she faces conflicting priorities from voters, investors, and her own party. Furthermore, diplomatic tensions between Japan and China have led to a slump in Japan’s tourism-related stocks following Beijing’s issuance of a travel and study advisory.

Major Currency Pairs Performance

Currency Pair Price Daily % Weekly % Monthly %
EUR/USD 1.16202 -0.10% +0.48% -0.23%
USD/JPY 154.63900 +0.06% +0.83% +2.39%
GBP/USD 1.31592 -0.23% +0.01% -1.80%
USD/CHF 0.79340 +0.11% -1.42% -0.37%
AUD/USD 0.65463 +0.28% +0.82% +0.54%
USD/CAD 1.40226 -0.09% -0.16% -0.12%
NZD/USD 0.56864 +0.13% +0.76% -0.61%

Performance Charts

Best Daily Performer

Best Performer

Technical Analysis: 1. The AUD/USD pair is currently in a moderate uptrend, as indicated by its performance above the 50-day and 200-day Simple Moving Averages (SMAs).
2. Key technical levels to watch are the 0.6600 resistance and the 0.6500 support, with the pair currently trading within this range.
3. Given the consistent positive daily, weekly, and monthly changes, the short-term outlook for AUD/USD is bullish, but traders should keep an eye on the aforementioned key levels for potential breakout or reversal signals.

Worst Daily Performer

Worst Performer

Technical Analysis: 1. The GBP/USD pair currently exhibits a bearish trend with the 50-day SMA below the 200-day SMA, suggesting negative momentum.
2. The key technical level to watch is the resistance trendline at around 1.32000 and support at 1.31000. The price is also trading in the lower region of the 20-day range, indicating sellers have control.
3. Short-term outlook remains bearish due to the downward pressure unless the pair manages to break and close above the key resistance level at 1.32000.

Normalized Performance – All Majors (3 Months)

Normalized Performance

Disclaimer

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