Technical Analysis

AUD/USD hits a recent low on danger aversion and USD power

Australian greenback below strain

AUD/USD has fallen under yesterday’s worst ranges to a recent low because the early-January flash crash.

Australian dollar under pressure

UBS was out with a notice earlier at present calling for RBA price cuts in July and August. The market is pricing in a 39% probability of a July lower and a 65% probability of a lower in August.

AUD goes to be a really attention-grabbing foreign money within the months forward.

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