AUD/USD plummets below 0.6700 due to risk aversion, Fed commentary

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AUD/USD plummets below 0.6700 due to risk aversion, Fed commentary – by christianborjon AUDUSD Majors Macroeconomics Technical Analysis

will leave traders adrift to US Dollar dynamics. On the US side, the S&P/Case-Shiller Home Prices for September and the Conference Board Consumer Confidence for November will offer a fresh catalyst to AUD/USD traders.suggests that sellers are gathering momentum, pushing prices toward the 38.2% Fibonacci retracement at 0.6643. Additionally, the Relative Strength Index dropped to bearish territory, exacerbated by weak Aussie economic data and the AUD/USD exchange rate falling beneath 0.6700.

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