AUD/USD Dives 0.6% as Technical Selling Pressure Persists

The Australian Dollar (AUD) has experienced a decline against the US Dollar (USD), with the AUD/USD pair down by 0.6% today.

Persistent technical selling pressure remains the primary driver behind this downtrend, with no fresh news catalysts on record.

The pair's continued trade below all short-, medium-, and long-term moving averages underscores prevailing weakness.

AUD/USD is currently trading at $0.7065, with a 72% probability of further downside in the next five days, according to technical analysis.