RBA's Edwards: Australian dollar not reflecting weakness in commodity prices

RBA's Edwards notes that Australian dollar is not reflecting weakness in commodity prices.

AUD/NZD testing lows on RBA's Edwards

AUD/NZD is currently trading at 1.0742 with a high of 1.0783 and a low of 1.0740.
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AUD/USD cracks 0.7100 on RBA’s Edwards

Risk-off market profile combined with RBA’s Edwards comments knocked-off the AUD/USD pair below the key support hourly 200-SMA support, now breaking through 0.71 handle.
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