AUD/USD Steady as Traders Await Chinese Economic Data
The AUD/USD currency pair is maintaining a stable position just above the 0.6400 mark at the start of the trading week. This consolidation comes as traders look ahead to important economic data from China, which is expected to influence market directions.
In recent weeks, the pair has stayed within a defined range, indicating caution among traders as they anticipate new catalysts for movement. Market participants are keeping a close eye on data releases to determine whether they need to adjust their positions based on incoming economic signals.