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Forex

AUD/USD Plunges Toward Critical Support as Bears Gain Momentum

Guavy AI Editorial Team
Instruments
AUD
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AUD/USD is experiencing its fourth consecutive weekly decline, with prices falling more than 3.6% from their September high.

The selloff has been fueled by a deterioration in the weekly RSI, which has reached its weakest levels of the year.

Key support for AUD/USD lies at 6920/45 and 6876, with a breach below this level potentially validating a break of the 2025 uptrend.

Australian inflation data is due out tomorrow, followed by US Core PCE and Non-Farm Payrolls on Friday.

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