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AUD/USD awaits a breakdown for the next move.

AUDUSD was down on Tuesday after testing the high level of 0.6597 in the last trading session as The Australian dollar depreciated past $0.656 on Tuesday, sliding toward its weakest levels in three months as the greenback continued to dominate on expectations that US economic outperformance and aggressive trade practices under a Trump presidency could drive up inflation. Additionally, weak economic data and a disappointing stimulus package from China, a key trading partner, added further pressure. The Australian dollar is often seen as a liquid proxy for the Chinese yuan, and its decline reflects ongoing concerns about China’s economic outlook.