The AUD/USD has stabilized recently having tumbled to fresh lows, brushing aside Chinese economic concerns and growing expectations the RBA tightening cycle is over as traders move to the sidelines ahead of Jerome Powell’s speech on Friday. As things stand, the pair currently sits near the bottom of the range it’s been trading in during August, finding support on probes below .6400 while being capped on attempts to push towards .6600. The question now is which direction does the AUD/USD break next? Downside or topside. (full story)