AUD/USD bottomed ahead of key support for the second week in a row

The 50% retracement of the 0.5510/0.8007 move at 0.6758 is stubborn support

The steep fall in key commodities on recession fears still weigh on AUD/USD nL1N2YM02DnL1N2YM0LD

AUD/USD trending lower with the 5, 10 & 21-day MAs in a bearish alignment

A close above the 10-day MA (0.6872) would ease the downward pressure

A close above the 21-day MA (0.6937) would suggest a bottom is in place

Sellers are tipped at 0.6805 and 0.6865 to help cap rallies from here

AUD/USD downside risks would increase if equity markets follow commodities

For more click on FXBUZ