Bearish view

• Sell the AUD/USD pair and set a take-profit at 0.6800.
• Add a stop-loss at 0.6900.
• Timeline: 1-2 days.

Bullish view

• Set a buy-stop at 0.6900 and a take-profit at 0.7000.
• Add a stop-loss at 0.6800.

The AUD/USD price slipped to the lowest level since July 19 as worries about the Chinese economy escalated. The pair also crashed as the US dollar made a spectacular comeback. It dropped to a low of 0.6868, which was lower than this month’s high of 0.7135.