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AUDUSD is still testing support

AUD
  • AUD is still the worst performer, but so far the 0.6780 level (38.2% retracement) is still holding.
  • AUDUSD printed a 0.6784 low yesterday, and 0.6778 so far today.
  • The AUD continues to underperform of late, with the currency losing 3.88% against the dollar in the 1 month duration.
  • Although in the red against most G10 for that period, the Aussie is still holding gains versus the NZD (up 0.74%), and NOK (up 0.56%), while flat against the Yen in that last month

Chart source: MNI/Bloomberg

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