AUD/USD hits fresh trend lows, risk-off market profile

FXStreet (Bali) - The Australian Dollar is making fresh multi-year lows against the US Dollar, as the PBOC gives a free kick to the leveraged crowd by setting today's Yuan reference rate at 6.3306 vs 6.3231 prior close.

AUD/USD hits new 6-year low

AUD/USD has fallen well below its trend low, setting its cheapest level in more than 6 years, with the next line of support not seen until 0.7185, 61.8 fibo of its all-time high/all-time low. Any rebounds, expected to be shallow, should meet grateful sellers around 0.7260/80 area as a risk-off market profile settles in.