Australian Dollar FX (AUDUSD)

Malcolm Turnbull is poised to step down as Australia’s leader after Peter Dutton, a former home affairs minister, continues his campaign to unseat the Liberal Party head.

AUD is taking it on the chin in response with stops in size sub 0.7250 in focus.

Barrier option defence ahead of 0.7200 to provide short term support, but should support fail, a move to clear stops sub 0.7145 seems inevitable.

Stops sub 0.7145 - cleared.

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