The Australian Dollar has had a rough year to date, falling more than 4.5% versus the US Dollar. Widespread concerns regarding global growth and the US-China trade war have worked to pressure AUD/USD, alongside interest rate cuts from both currency’s central banks. Although AUD trades near multiyear lows and has enjoyed formidable support at the 0.67 level, an impasse in US-China trade negotiations could see AUD/USD fall under renewed pressure. Consequently, I maintain a bearish bias on AUD/USD and suspect a break beneath the longstanding support at 0.67 is due. Repeated tests of the level do not speak to bullish ... (full story)