AUD/USD Reverses Gains and Approaches Intraday Low of 0.6730 Amid Early European Session
The AUD/USD pair is experiencing its second consecutive day of depression as it approaches an intraday low of 0.6730 during the early European session on Wednesday. The pair is reversing the corrective bounce induced by Reserve Bank of Australia (RBA) Governor Philip Lowe, while poking the 200-bar Exponential Moving Average.