The Australian dollar extended yesterday's downtrend against its US counterpart in late Asian deals Tuesday, falling to 1.0360 around 2:45 am ET, its weakest level since November 22. The aussie-greenback pair closed Monday's deals a few pips above the key 1.04 level.
The aussie-buck pair is trading well-below its 50 and 100-day simple moving average levels in the daily time frame with 1.03 seen as the next downside target, its 200-day SMA. Besides, the technical MACD indicator signals bearish trend for the pair in a holiday-thinned and also risk-averse trading surrounding the U.S. fiscal cliff concerns.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.