Bearish sentiment has dominated the Australian Dollar lower against the US Dollar since Wednesday’s trading session. The currency pair has declined by 75 basis points or 1.11% in value during this period.
As for the near future, bearish momentum will most likely continue to pressure the exchange rate lower. The potential target will be near a psychological level at the 0.6600 marks.
Although, the AUD/USD currency exchange rate could make an upside reversal from the weekly S2 at 0.6623 within the following trading session.
