AUD/USD set to challenge the 0.70 level – OCBC

The AUD/USD pair has breached key supports in quick succession. The aussie now targets the 0.7000 level on a multi-session horizon, economists at OCBC Bank report.

See – AUD/USD: The risk of a downward extension towards 0.70 rises – Westpac

AUD/USD to struggle to hold onto 0.71

“Global and domestic picture both negative for the AUD at this juncture.”

“Immediate downside target at 0.7100, but 0.7000 should attract on a multi-session basis.”