AUD/USD: 0.6935 Support in Focus Amidst Stronger USD and Policy Divergence

AUD/USD is under pressure, with UOB highlighting critical support at 0.6935. A stronger US Dollar, driven by the hawkish Federal Reserve's policy divergence from the RBA, is weighing on commodity currencies. Technical analysis points to 0.6935 as a pivotal level, with a breach potentially signaling further downside. The outlook remains bearish, emphasizing risk management and selling into rallies.