AUD/USD’s furious rally looks like it has stalled in the near-term after dipping back below support in the 0.8715/30 area from 0.8790 highs. We dipped as low as 0.8694 as reports of bank stress test “failures” made the rounds.
Solid support is seen in the 0.8660/70 area while offers are eyed on rallies toward 0.8720/30.
