AUD/USD Faces Downward Pressure as Fed Rate Hike Looms

The AUD/USD currency pair has been gaining attention in recent days, particularly due to the approaching Federal Reserve policy meeting this week. The US dollar is expected to see a 0.25% rate hike, which could impact other currencies.

While major price movements have not occurred in the AUD/USD recently, both currencies are being closely watched by traders and investors.

The Australian Dollar faces some minor issues of its own, but the US dollar's expected rate hike remains a key focus. The AUD/USD pair is considered to be at risk of breaking down to a target of 0.7122.