AUD/USD’s upside bias lost momentum near 0.7150 and the prices retreated sharply over the last few hours as the US oil heads towards mufti-year lows, while gold reversed $ 10 from multi-month tops. AUD/USD tracks commodities lower Currently, the AUD/USD pair trades -0.06% lower near fresh session lows of 0.7087, reversing from daily highs reached at 0.7151 in early Asia. The Aussie ran through fresh offers near the mid-point of 0.71 handle and gave up more than 50-pips over the last hours as oil prices resumed their rout, with the US oil sliding nearly -2.50% below $ 27 mark as oil storage levels sit near all-time ... (full story)