The AUD/USD currency pair maintained a steady position above the 0.6600 mark during the Asian trading session on Friday, reflecting a bullish consolidation phase. This level is just shy of a nearly two-month high reached the previous day, indicating strong upward momentum for the Australian dollar against the US dollar.
Market participants are closely monitoring the upcoming US Personal Consumption Expenditures (PCE) data, which could influence the exchange rate. The anticipation surrounding this economic indicator adds an element of volatility to trading, as investors weigh potential impacts on US monetary policy. As the AUD/USD hovers around this key technical level, traders remain vigilant for further signals that could drive the currency pair's direction.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 01:27
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.