AUD/USD holds steady at 0.6650 despite broad risk-off sentiment

AUD/USD maintained its position around 0.6650, showing unexpected resilience despite deteriorating risk appetite across global markets. The Australian dollar's stability comes amid concerns about slowing global growth and persistent inflation fears. Technical analysis shows the pair consolidating within a narrow range, with support established at 0.6620 and resistance at 0.6680. The aussie's performance suggests underlying support from Australia's strong commodity exports and relatively hawkish Reserve Bank of Australia stance. However, headwinds remain from China's economic uncertainties and broader risk aversion. Traders are monitoring upcoming Australian employment data and Chinese economic indicators for directional cues. A break below 0.6620 could accelerate losses toward 0.6580, while a move above 0.6680 might target the 0.6720 resistance level.