AUD/USD Nears Critical Support as Bearish Momentum Grows

AUD/USD has fallen over 3.6% from its September high, with a fourth consecutive weekly decline now probing nine-week lows.

The selloff is approaching a major support confluence near the lower boundary of the 2025 uptrend, where risk for inflection into month-end increases.

Australian inflation, U.S. Core PCE, and Non-Farm Payrolls are among the key events on deck this week, with potential to influence the Aussie's trajectory.

The weekly RSI has deteriorated to its weakest levels of the year, maintaining a momentum profile favoring the bears.