AUD USD Remains Weak Below 0.6200 – NFP Ahead
The AUD USD currency pair continues to demonstrate weakness as it trades below the 0.6200 mark, holding at levels not seen since October 2022. The combination of sideways price movement and recent trends may suggest ongoing vulnerability as the AUD faces pressure from a bullish US Dollar (USD). The market’s focus shifts as traders brace for important Non-Farm Payroll (NFP) data that may influence market dynamics. A substantial shift in job data could prompt further adjustments.
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