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AUD/USD sub-10 & 21-DMAs, weighed down by a combination of factors

Source: Thomson Reuters


  • Firm USD, new iron-ore low, narrower spreads & RBA cut fears all weigh on AUD

  • AUD down across the board, particularly against the USD, EUR & NZD

  • Pair below 10 & 21-DMAs & RSIs biased down, won't impede more losses

  • Short positions pared back so less covering that normally stems slides

  • Immediate support lies at trend-line off March low & March 20 low (0.7540/45) 

  • Break eyes 0.7590 then 2015 low 

  • Market Data
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