AUD/USD Struggles Near April Lows, Bears Eye 0.6900 Break
AUD/USD extends its decline for a third straight day, slipping to a fresh low since April 7 as bears target a break below the 0.6900 level.
AUDUSD
The Australian Dollar weakened further against the US Dollar on Tuesday, marking a third consecutive session of declines. After a modest Asian session uptick to the 0.6920-0.6925 area, the pair reversed lower and dropped to a fresh low not seen since April 7.
Bears remain in control as they await a decisive break below the psychologically significant 0.6900 level. The pair's inability to hold above recent support levels has increased downside pressure, with traders now focused on a potential move toward deeper support zones.
Source: FXStreet Forex News