AUDUSD Falls to 0.6926 Testing Channel Trendline Support

AUDUSD extended its decline on June 23, dropping 1.05% to 0.6926 and hitting fresh session lows. The pair rejected resistance at the 61.8% retracement level of 0.7002, broke through the 0.6962-0.6978 support zone, and is now probing a lower channel trendline. The move follows modest post-FOMC selling on June 22 when AUDUSD slipped 0.14% alongside a sharper 0.26% drop in NZDUSD. Risk-off sentiment intensified as the NASDAQ fell 1.95% and the S&P 500 declined 1.28%, pressuring risk-sensitive currencies.