Vulnerable to further downside towards mid-0.6400s

Share: AUD/USD takes offers to refresh yearly low, down for the third consecutive day. Clear downside break of previously key support line, Fibonacci retracement level favor Aussie bears. RSI conditions suggest limited downside room, highlights 61.8% FE. Convergence of 10-DMA, fortnight-old resistance line limits immediate upside. AUD/USD occupies the bear’s table as it drops for the third consecutive day to refresh a six-month low around 0.6530 during early Thursday. In doing so, the Aussie pair justifies the previous day’s downside break of an 11-week-old support-turned-resistance, as well as a downside beak of the 61.8% Fibonacci retracement of the