The dollar is strengthening as cable longs unwind in the European morning
That has pushed the greenback higher against most major currencies with AUD/USD notably slipping to lows under its 200-hour MA (blue line). That puts sellers back in the driver's seat as they wrestle away near-term control from the buyers.
Looking ahead, further support is seen closer towards 0.6800 but it may well be a slow climb down for the aussie after the upside momentum towards testing the 200-day moving average just above 0.6900 slowly unwinds now.
