NFIB’s Small Business Optimism Index fell 0.9 points to 88.5 in March, disappointing market expectations for a modest increase to 89.7. This marked the lowest level in the headline index since 2012. Six of the ten subcomponents deteriorated on the month, two improved and two remained unchanged. Leading the decline was an 8-point drop in […]
The recent 5% rebound seen in the AUD/USD from its 3 February low is likely to be a minor corrective rebound. The medium-term downtrend phase of the AUD/USD in place since its 30 September 2024 high of 0.6943 remains intact. Watch the 0.6215 potential downside trigger level of the AUD/USD. RBA’s less dovish stance and […]
The post AUD/USD Outlook: Technical Factors Supporting a Potential Aussie Dollar Bearish Move appeared first on Action Forex.
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