
Australian Dollar Technical Outlook: AUD/USD Breakdown Threatens Deeper Correction
AUD/USD remains under pressure after breaking key trend support, with the latest decline putting the focus on the next major downside pivot.
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AUD/USD remains under pressure after breaking key trend support, with the latest decline putting the focus on the next major downside pivot.

AUD/USD outlook ahead of Australian employment, RBA speakers and the Trump–Xi summit as the Aussie extends its two-week retracement.

Aussie has reversed sharply from the September highs, with weakening momentum raising the stakes at support ahead of tomorrow’s Fed decision.

Aussie has advanced in eight of the past nine weeks, but the next technical hurdle could determine whether bulls can sustain the broader advance.

Aussie momentum has surged to seven-month highs, but the advance is approaching a major resistance zone where exhaustion risk is rising.

Learn about the 10 most traded currencies like the dollar, euro and yen and learn why forex traders prefer trading these major currencies
Learn about the 10 most traded currencies like the dollar, euro, and yen and why forex traders prefer trading these major currencies.