Sellers are keeping a close eye on the recent 100-hour moving average near 0.6920. We are now seeing the price fall to a new low of 0.6875, which closed at around 0.6869-75 last week.
The break below will bring the key support level to a two-day low of around 0.6850 in May. There is little to worry about for Asia today, as the dollar has depreciated sharply against the euro and the pound and has lost ground on the franc.
While end-of-month flows are considered, all we can do is rely on the techniques to understand what is being done, as described above. For buyers, a meaningful return in AUD / USD should return any more than 0.7000.