USDJPY
EURUSD
AUD/USD
AUD/USD Price Forecasts: Aussie is clinging to the 0.6600 support area
Key Takeaways (30s Read)
AUD/USD is attempting to hold above support around 0.6600, aiming to end a five-day losing streak.
The Australian Dollar is trading nearly flat against the US Dollar as it attempts to hold above the support area just below the 0.6600 mark, aiming to put an end to a five-day losing streak since peaking at 0.6679 on December 10. Recent employment data from Australia suggested a gentle increase in job demand, providing some support to the market. Whether this support line holds will significantly influence the price action in the coming days. If sustained, 0.6600 will be a critical level, and a break below it could lead to further declines. Conversely, a successful rebound could see the pair target the 0.6679 peak again.
AI Analyst
AI Opinion
"The current situation of AUD/USD hovering around the 0.6600 support area is crucial for short-term market movements. If this level is maintained, a rebound against selling pressure could be anticipated. Conversely, a break below could trigger psychological selling. Recent employment data has positively influenced the market, but future economic indicators and central bank policies are likely to create further volatility. It's vital to implement strict risk management while closely observing price actions."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.