AUD/USD was smashed 1.74% lower and opens at fresh 2022 lows

Deleveraging sent equities and commodities into a tailspin as growth fears mount nL2N2X10DOnL2N2X12JW

Investors are scrambling out of reflation trades that included short EUR/AUD

AUD/USD break below Jan 2022 low at 0.6967 has provides downward momentum

The next support of note is at the 50% of the 0.6610/0.8007 move at 0.6758

Only a close above the 10-day MA at 0.7077 would relieve downward pressure

AUD to trend lower while market seeks safe-haven and liquidates risk assets

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