AUDUSD: Holding at 0.6360 Support as Bearish Trend Looms
Recent price actions for the AUD/USD have followed the anticipated decline and reached the critical support zone between 0.6400 and 0.6360. The Australian dollar remains one of the weakest performing major currencies, having dropped by 2.70% against the US dollar over a one-month period as of December 13. Traders must remain cautious as potential shifts in momentum could signify further challenges for the Aussie. Understanding current market sentiment will be vital for successful trading in the upcoming sessions.
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