• AUD/USD bias remains on the downside, as spot hits new lows

• Downside risk is growing for an eventual drop to probe 0.6000

• Tenkan and kijun lines remain negative aligned, overall bearish market

• Note fourteen-day momentum is also negative

• We are looking to get short on near-term recovery moves

• Our offer is at 0.6220. AUD/USD Trader

Daily Chart:

(Martin Miller is a Reuters market analyst. The views expressed are his own)