Falling

AUD/USD slid Tuesday as participants flocked into safe haven assets. Tech shares led U.S. equity benchmarks lower, crude oil tumbled, while familiar risks (Brexit, Sino-U.S. frictions) continued to dent broader sentiment. The rate printed its worst levels in two weeks. A sharp sell-off came after the pair was bought into the London open, but failed to cling onto gains.

• The spot has continued to lose altitude in early Asia-Pac dealing and last trades -15 pips at $0.7199. Further losses past Aug 20 low of $0.7136 would signal that bears may be taking control, with next support coming up at $0.7109, the low of Aug 12. Bulls look to retake yesterday's peak at $0.7309 before targeting Sep 3 high of $0.7340.
• Sino-Australian relations remain strained after Beijing confirmed the arrest of an Australian TV anchor over alleged state security violations. The news came after two last Australian correspondents in China (from ABC and AFR) fled the country after being questioned by the Ministry of State Security.
• Westpac Consumer Confidence Survey and housing finance data headline in Australia today. Consumer inflation expectation hits on Friday.