Suggestion: Sell at 0.7140, target at 0.7050, stop at 0.7165.
The Aussie dollar is being offered as a mortgage rate hike by a major Australian bank is seen accentuating the housing market slowdown and force the RBA to cut rates.
From the , we can see the pair is runing on its since the middle of this week. With the fall below zero line, the is take control on the AUD/USD’s movement. More over, the in the is runing below 50, indicates the price might keep its down trend in the future. With the support at 0.7000 area, the situation is becoming worse and worse for the AUD/USD .