Just 25 pips away
Yesterday's optimism from China quickly faded and AUD/USD is trading at the lowest since Oct 11.
It's now just 25 pips above the October lows. A break of 0.7041 would mark a fresh low since 2016 and underscore the 6-month downtrend.
![](http://az705044.vo.msecnd.net/20181023/audusd-daily-chart.png)