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AUD/USD Breaks to Fresh YTD Lows Through Early Europe

AUD
  • AUD/USD trades heavier through early Europe, with the pair hitting fresh YTD lows in recent trade at 0.6681. Pullback in prices accelerates on the break below last week's lows of 0.6695 and the Jan 3 low of 0.6688.
  • This bearish break opens mid-Dec lows at 0.6629 for direction, with markets reading further into the RBA decision overnight - with some sell-side analysts flagging the risk of a potential pause for the rate hike cycle in April given the dovish read from the statement overnight.

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