AUD/USD breaks below 0.9140 support by Milan Cutkovic

  • AUD/USD is posting fresh lows in the early European session and broke sub-0.9140 support
  • Dealers are seeing on-going supply from leveraged names
  • Speculations about an earlier Fed rate hike are putting the commodity currencies under pressure
  • A few of the major banks have issued sell recommendations in the past few weeks, some are now catching up
  • Next major support lies at 0.9085 and then of course, the big 0.90 level
  • Pair looks bit oversold in the short-term, but selling EUR/AUD > 1.42 might be the better strategy for someone looking to buy AUDs

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