AUD/USD slips as resilient US data dim hopes for early Fed cuts

💡 DMK Insight

The AUD’s weakness against the USD highlights a critical divergence in economic sentiment right now. With strong US economic data and a Fed that’s leaning hawkish, traders should be cautious about holding long positions in AUD. The Fed’s stance suggests potential rate hikes, which could further bolster the USD. If the AUD/USD pair continues to slide, watch for key support levels that could trigger stop-loss orders or attract short sellers. The broader implications could ripple through commodity markets, especially if the AUD remains under pressure, given its correlation with commodities like gold and oil. Keep an eye on upcoming US economic releases, as any surprises could amplify volatility in this pair and influence related assets.