RBA’s Decision Keeps AUD/USD at 11-Month Low: A Technical Analysis by Action Forex Contributors
AUDUSD Extends Steep Fall into Second Consecutive Day Introduction The AUDUSD pair hit a new lowest point in eleven months in early Tuesday trading. The pair was down 0.8% in Asian / early European trading on Tuesday, continuing the bearish trend from the previous day’s 0.93% drop. This steep decline can be attributed to the…