AUDUSD Pullback Meets Trend Support as USD Headwinds Build!!

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AUDUSD Pullback Meets Trend Support as USD Headwinds Build!!AUD/USDOANDA:AUDUSDJoeChampionHey Traders, In the coming week, we are monitoring AUDUSD for a potential buying opportunity around the 0.66400 zone. From a technical perspective, the pair remains in a clear uptrend and is currently in a corrective phase, with price retracing toward a key confluence area around 0.66400, where trend support and a former support/resistance zone intersect. On the macro side, the US Dollar continues to face growing headwinds. Recent data has reinforced signs of cooling momentum in the US economy, keeping the pressure on the Fed. While December is largely priced, January’s FOMC meeting is increasingly in focus, with current data suggesting that a rate cut could come back into play should economic softness persist. This backdrop favors continued USD weakness, supporting higher-beta currencies such as the Australian dollar. A constructive reaction around 0.66400 would keep the broader bullish structure intact and open the door for continuation toward recent highs. Wishing everyone a Merry Christmas and a safe trading week ahead 🎄 Trade safe, Joe