AUD/USD Tests Key Support Level Amid Market Volatility

The AUD/USD pair has moved down 0.4%, erasing gains from the previous day. This decline brings the pair back to test the August low at 0.6347. Traders recall the low from last week, which briefly touched 0.6336 but ultimately maintained its position in the daily and weekly closes.

The market remains on edge, and traders are advised to keep an eye on this key support level. A breakthrough could signify further bearish momentum for the AUD/USD pair, affecting broader market trends and trading strategies.