The AUD/USD currency pair continues its impressive performance, marking its eleventh consecutive day of gains as it approaches a two-month high near the 0.6620 exchange rate. This upward momentum was evident during the early European trading session, reflecting strong demand for the Australian dollar against its U.S. counterpart.
Market analysts attribute the rally to a combination of positive economic indicators from Australia and a general weakening of the USD, influenced by shifts in monetary policy expectations. As traders remain optimistic, the potential for further gains looks promising, with key resistance levels now closely watched in the ongoing trading sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-05 07:41
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.