March and April lows are eyed
The AUDUSD is trading to new fresh session lows ahead of the US stock opening. Commodiities are getting hit with gold down nearly $10. Copper is down. Crude is down.
Technically, the pair is testing the 0.7000 level. That corresponds with the low from March. In April, that low was broken on the way to its month low price at 0.69877. Both are targets now for the shorts. Get below, increases the bearishness. Hold and we could start to shift some of the sellers back to buyers.