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AUD/USD Breaches March Low to Bring November Low on Radar
AUD/USD registers a fresh yearly low (0.6499) after failing to trade back above the 50-Day SMA (0.6679), and the exchange rate may give back the rebound from the November 2022 low (0.6272) as it snaps the range bound price action from earlier this week. AUD/USD Breaches March Low to Bring November Low on Radar AUD/USD takes out the March low (0.6565) as it carves a series of lower highs and lows, and data prints coming out of Australia may do little to curb the decline in the exchange rate should the Retail Sales report reflect a slowing economy. Retail spending in Australia is expected to increase a mere 0.2% in ... (full story)