AUD/USD under Pressure as Sellers Emerge Pre-Chinese Data Release
Sunday, 14 July 2024, 22:59
AUD/USD Pressure
The AUD/USD pair is experiencing selling pressure below the critical level of 0.6800.
Break in Winning Streak
The pair's four-day winning streak comes to an end as traders turn bearish.
Market Sentiment
Trading around 0.6770 shows a shift in market sentiment towards the downside.
Conclusion:
AUD/USD faces downward pressure below 0.6800, indicating a reversal in recent gains before the Chinese economic data release.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.