The AUD/USD currency pair continues to gain momentum, marking its ninth consecutive day of upward movement as it approaches the significant exchange rate level of 0.6600. This sustained rally reflects the ongoing underperformance of the US Dollar, which has struggled against various currencies amid shifting market sentiment.
The recent strength of the Australian dollar can be attributed to a combination of factors, including improved economic data from Australia and market reactions to US monetary policy signals. As traders monitor this pair closely, the implications of a potential breach of the 0.6600 level could lead to increased volatility in the forex market, affecting positions on both sides as traders recalibrate their strategies in response to evolving economic indicators.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 11:40
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.