AUD/USD Outlook: Aussie Remains in Red after April’s 5.6% fall, Tuesday’s RBA in Focus

The AUDUSD started trading in May in negative mode and extended to new lowest since Jan 2020 in early Monday, despite holiday-thinned Asian markets. Nears remain fully in play after 5.6% drop in April, the biggest monthly loss since May 2013, as risk sensitive Aussie remains under pressure from risk aversion and strong rise of […]

The post AUD/USD Outlook: Aussie Remains in Red after April’s 5.6% fall, Tuesday’s RBA in Focus appeared first on Action Forex.