AUD/USD trades near the 0.6270 region, failing to recover ground amid persistent USD strength.
A soft Australian labor market report and safe-haven demand for the US Dollar continue to weigh on the Aussie.
Technical indicators point to further downside as the pair remains below key moving averages.
The AUD/USD pair remained depressed during the American session below the 0.6300 barrier as a stronger US Dollar (USD) and disappointing employment data from Australia continued to weigh. Technical signals have turned increasingly bearish, as indicators deteriorate and price action breaks below important moving averages.
A soft Australian labor market report and safe-haven demand for the US Dollar continue to weigh on the Aussie.
Technical indicators point to further downside as the pair remains below key moving averages.
The AUD/USD pair remained depressed during the American session below the 0.6300 barrier as a stronger US Dollar (USD) and disappointing employment data from Australia continued to weigh. Technical signals have turned increasingly bearish, as indicators deteriorate and price action breaks below important moving averages.
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