The aussie has fallen for five days in a row to just above 70 cents, its lowest levels since late July. USD momentum and related equity slide should keep the pressure on the AUD/USD pair, along with the RBA’s dovish tone. The 0.6965 mark is the next major support, economists at Westpac report.
More – AUD/USD: Downside corrective, targets the 200-DMA at 0.6773 – Commerzbank