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Forex

AUD/USD Breakdown Threatens Deeper Correction

Guavy AI Editorial Team
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USD AUD
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The Australian Dollar (AUD) has been under pressure after breaking key trend support, resulting in a third weekly decline. According to Michael Boutros, Senior Market Analyst at StoneX Media, the AUD/USD pair's latest drop was fueled by the Federal Reserve decision, which broke the June uptrend.

The Fibonacci confluence behind the reversal and the 200-day moving average are also being watched closely by analysts. The daily RSI momentum sits at its lowest level since July, indicating a potential deeper correction in the AUD/USD pair.

Event risk comes from the Australian employment report and trade talks on tariffs, rare earths, and AI. These developments may impact the currency's value and direction.

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