VOT Research Desk
Before Thursday’s European session, the AUD/USD currency pair fights bears at 0.6715.
In doing so, the Australian duo lets go of their optimism from the previous two weeks and prepares for the upcoming loss.
It’s important to keep in mind that the market’s recent movements may also be related to the preparations for the Federal Open Market Committee (FOMC) meeting that will take place the following week.
The AUD/USD bears remain optimistic due to risk aversion and worries about weak economic data from Australia and China, but the options market is against the bearish bias.
