Commodity Prices

AUD/USD remains under pressure as a stronger US Dollar and weak Australian Dollar momentum keep the pair in focus. Technical traders are watching resistance and support levels for fresh reversal signals after a decisive bearish breakdown.

AUD/USD has broken lower with short-term bearish momentum as the US dollar benefits from firm fundamentals and expectations for a Fed rate hike. Technical traders are watching resistance near 0.7143 and 0.7154 for possible short entries, while 0.7122 remains the key support zone.