AUD/USD Nears Critical Uptrend Support Amidst Weakened Momentum

AUD/USD is experiencing its fourth consecutive weekly decline, falling over 3.6% from its September high and approaching critical uptrend support near the lower boundary of the 2025 advance.

The Australian dollar's momentum has deteriorated to its weakest levels this year, with weekly RSI reaching its lowest point in a year, favoring bears in the market.

Key event risk for AUD/USD includes Australian inflation, U.S. Core PCE, and Non-Farm Payrolls reports, which may determine whether the correction stabilizes or develops into a more significant trend break.