Author name: Editor

AUD/USD ended last week under selling pressure, retreating from near-term resistance around 0.6713 and testing key support near 0.6571. Technical signals point to a cautious outlook as the pair trades below critical moving averages and maintains a bearish short-term trend. A break below 0.6571 could open the way toward the 0.6467 support zone, while resistance at 0.6713 and above remains firm. Traders should watch these levels closely as global risk sentiment and US dollar dynamics continue to shape the pair’s trajectory.
Source: Based on analysis originally published by ActionForex.com with additional market insights.

AUD/USD sustained bearish momentum last week, failing repeatedly near 0.6700 resistance and closing near 0.6600 support. A resilient US dollar, mixed Australian data, and risk-off sentiment kept pressure on the pair. Technicals suggest further downside risk if 0.6600 breaks, while a rebound above 0.6700 could retest 0.6750. Watch for US and China developments to guide price action this week. Analysis expanded from ActionForex.com insights.