AUDUSD Technical and Fundamental Report: Key Support at 0.6680 in Focus for Trading Outlook
Over the past three trading days, AUDUSD has extended its losing streak, sliding from around 0.6704 to near the critical 0.6680 support level, signifying notable selling pressure. The pair’s weakness is driven by a stronger US Dollar and cautious sentiment ahead of key US employment data (NFP). Additionally, weak economic data from China and a declining Australian trade surplus have weighed on the Aussie. This price action highlights investors’ cautious stance amid uncertainties in US labor market outlooks. For average investors, this scenario is akin to holding back in anticipation of important data to avoid rash decisions amid market volatility.


