The currency of the green continent is not going through the best of times, and this situation will worsen. They predict a further decline in the " Aussie."
The downward trend of the AUD/USD pair is fixed over the past few days. The Australian currency is showing a negative trend. It is currently trading in the range of $0.6721 to $0.6724.
The experts believe that the reasons for the fall of the "Australian" are global trends such as a slowdown in the global economy and a slowdown in economic growth, as well as a global strengthening of the American currency. According to analysts, the general strengthening of the US dollar significantly affects the AUD/USD currency pair. As a result, the Australian currency begins to become cheaper.
The global strengthening of the US currency stopped the formation of a strong pair of AUD/USD. At the same time, interest spreads in the US have changed dramatically in favor of the "Australian", but the pair continues to form new lows. They predict a further fall in AUD/USD. Experts do not rule out that the pair can demonstrate the sixth week of decline in a row.
