By Richard Pace — Aug 02 - 05:55 AM
AUD/USD weighed by RBA, higher US yeilds and global growth concerns
AUD/USD already closed below key 200/100 day ma's 0.6732/0.6693 recently
AUD/USD has now also broken 29/02 June lows at 0.6595/72 for 0.6566 Wed
0.6595 was key support (weekly lows) should see more selling on close below
Trendline support is around 0.6538, below opens 31 May and 2023 low 0.6459
Recovery/close back above 0.6595 may help to avert more losses
FX options have been covering short positions around 0.6500
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary