The Australian Dollar (AUD) faced a setback against the US Dollar (USD) on Monday, halting its four-day rally as the Greenback regained its footing in the forex market. The AUD/USD exchange rate is currently positioned just above the key technical level of 0.6600, which remains crucial for maintaining a bullish setup.
Market participants are closely monitoring the upcoming Reserve Bank of Australia (RBA) decision, which could have significant implications for the AUD’s trajectory. Should the currency pair hold above 0.6600, bullish sentiment may persist, but any breach could signal a shift in momentum. Traders are advised to remain vigilant as developments unfold.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 18:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.