AUD sliding lower as risk sentiment sours
The Shanghai composite index has fallen below 2000 (edit) again briefly and is nearing 3 1/2 year lows; the AUD is falling in line with the souring sentiment. Uncertainty out of the EZ isn’t helping matters either.
- AUD/JPY has fallen back below prior resistance at 84.80 with next support at 84.35:
- AUD/USD should find initial support near 1.0335: