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AUDUSD breaks to a new low. Moves away from the 50% midpoint at 0.6663

March 7, 2023 by admin 0 Comments

AUDUSD falls below the 50% midpoint

The AUDUSD is continuing to move to the downside after the “dovish hike” of 25 basis points by the Reserve Bank of Australia overnight. Coming into the US session, the price was stalling near the 50% midpoint of the move up from the October low. That level has now been broken at 0.6663. The low price just reached 0.66458.

The next key target comes against the swing low from the month of December at 0.66284.

This article was originally published by Forexlive.com. Read the original article here.