March Australian dollar futures are trending lower, hitting a five-month low. Recent U.S. dollar strength and China’s economic slowdown are bearish for the Aussie dollar. A move below chart support at .6428 presents a selling opportunity with a downside target of .6200. Technical resistance is at .6535. The bears have the near-term technical advantage.
Read more at Yahoo Finance: As China’s Economy Slows, Make This 1 Commodity Trade ASAP
