AUD/USD supported around 0.9070

FXstreet.com (Edinburgh) – The AUD/USD keeps falling on Wednesday, although the intraday decline seems to have found some support around the 0.9070/65 area.

AUD/USD bearishness intact

The pair is posting the sixth consecutive decline so far, falling from October’s peaks near 0.9770. The increasing dovish tone from the RBA would be behind the steep descent, aggravated in recent sessions after Governor Stevens slipped the idea of ‘intervention’ in order to weaken the currency. The Capex results for the third quarter will be the main event Down Under tomorrow, and it would dictate the pair’s price action at least in the early …read more