The AUD/USD pair has been experiencing a bearish sentiment lately due to a strengthening of the US dollar, which is causing the pair to move lower. This is partly due to rising inflation concerns in the US, which is increasing expectations of a faster pace of interest rate hikes by the Federal Reserve. Additionally, the ongoing trade tensions between the US and China are also weighing on the Australian dollar, which is a commodity currency heavily exposed to Chinese demand. Overall, the short-term outlook for AUD/USD is bearish, but as with any market, sentiment can change quickly based on a variety of factors.
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APOLOGIES, I MEANT TO SAY LONG. TYPO