AUD/USD trades to a fresh monthly low (0.6354) as it extends the series of lower highs and lows from earlier this week, and the exchange rate may track the negative slope in the 50-Day SMA (0.6498) as it snaps the range bound price action from earlier this month. Australian Dollar Forecast: AUD/USD Range Breaks Down AUD/USD struggles to hold its ground after failing to push above the moving average during the previous week, but Australia’s Retail Sales report may prop up the exchange rate as the update is anticipated to show another rise in household consumption. Retail spending is projected to increase 0.3% in ... (full story)