The AUD/USD currency pair continued its downward trend on Friday, marking the third consecutive day of losses as it dipped to around 0.6676 during the late European trading session. The US Dollar's robust performance has been a key driver behind this decline, as traders remain cautious ahead of the upcoming US Non-Farm Payroll (NFP) data release.
Market sentiment has shifted in favor of the USD, reflecting expectations of stronger economic indicators. As the AUD struggles against its American counterpart, investors are closely monitoring the exchange rate, with 0.6680 emerging as a critical technical level. Any further movement could have significant implications for trading strategies in the coming sessions, especially with potential volatility on the horizon as NFP data looms.
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Data Source: FX Killer Analysis Team Updated: 2026-01-09 12:43
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.