The Australian Dollar (AUD) is showing signs of stability against the US Dollar (USD) as it trades around the 0.6600 support level on Thursday. After experiencing a five-day losing streak, the AUD/USD currency pair seeks to regain momentum following a recent peak of 0.6679 on December 10. The market's focus remains on the critical support area just below 0.6600, as traders assess the potential for a rebound.
Recent employment data from Australia has indicated a decline in job demand, contributing to the AUD's struggle against the USD. As the exchange rate hovers near this support level, market participants are closely monitoring economic indicators that may influence upcoming trading decisions. A sustained hold above 0.6600 could signal a potential reversal, while a drop below may prompt further selling pressure on the Aussie.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 10:26
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.