AUD/USD Nears Critical Support Ahead of Key Inflation and Jobs Data

AUD/USD has been in decline for four consecutive weeks, falling over 3.6% from its September high and reaching nine-week lows.

The Australian dollar's momentum is currently favoring the bears, with a deteriorating weekly Relative Strength Index (RSI) at its weakest levels of the year.

A key support confluence near the lower boundary of the 2025 uptrend is approaching, and a break below this level could lead to further decline.

The coming days will be crucial for determining whether the correction stabilizes or develops into a more significant trend break, especially with Australian inflation, U.S. Core PCE, and Non-Farm Payrolls on deck.