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Forex

AUD/USD Slides towards Critical Support Levels

Guavy AI Editorial Team
Instruments
AUD
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AUD/USD has been on a downward spiral since its September high, falling over 3.6% in just four weeks.

The decline is now at its ninth-week low and is approaching the lower boundary of the 2025 uptrend.

Momentum is firmly in favor of the bears, with the weekly RSI reaching its weakest levels of the year.

Australian inflation data, U.S. Core PCE, and Non-Farm Payrolls are just a few events on deck that could determine whether this correction stabilizes or turns into a significant trend break.

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