The Australian Dollar came under fire Monday as markets swooned on the back of rising risk aversion. Sentiment-linked AUD/USD price action plunged 120-pips from Friday’s close, but the major currency pair has since clawed back nearly a quarter of the move with Aussie bulls defending a key support zone around the 0.7200-handle. {chart} Despite a notable relief bounce off this level staged during late trade, the Aussie-Dollar still notched a close below its 50-day moving average. This could increase potential for a retest of the 0.7200-price level underpinned by month-to-date lows. A breakdown of this critical ... (full story)