The AUD/USD currency pair continues to face selling pressure for the fourth consecutive day, trading around the 0.6630 mark during the Asian session. This represents a slight decline of over 0.10% as traders remain cautious ahead of the upcoming US Non-Farm Payroll (NFP) report. The market's sentiment suggests limited downside potential for the pair as investors assess the impact of forthcoming economic data.
As the exchange rate lingers below the mid-0.6600s, market participants are closely monitoring the NFP release, which could influence the USD's strength. The Australian dollar's vulnerability reflects broader market trends, with traders weighing potential shifts in monetary policy and economic indicators from both the US and Australia. The results of the NFP report could provide direction for the AUD/USD pair in the days ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-12-16 03:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.