AUD/USD Retreats from Weekly High, Pressure from Dollar Buying
The AUD/USD pair has pulled back from last week’s high closer to the mid-0.6500s. This downward trend continued through the first half of the European session. Spot prices reached a new daily low, around 0.6515, as US Dollar buying emerged. This scenario highlights strong dollar dynamics that traders are closely monitoring. Observers speculate on how far this retreat might go, with many traders watching 0.6500 as a pivotal point.
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