Since posting a high trade of .7740 on February 23rd, the AUD/USD has dropped over 250 points , or 3.2%.
A corrective bounce into the weekend sees the Aussie currently trading back near .7540, but the technical chart structure looks weak and momentum indicators are point lower.
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In addition, The US Federal Reserve is a near certainty to raise the Fed Funds target this Wednesday.
This policy move will lift the Fed Funds target to 1%, and, (with Aussie overnight rates at 1.5%) will further narrow the overnight lending rate spread to just 50 basis points.
This fundamental shift will likely accelerate the repricing of the AUD/USD back into the .7300 handle.
Investors can profit from the AUD/USD moving lower with the BetaShare YANK Exchange Traded Fund (ETF).
YANK is an inverse, unit trust EFT with a weighing of approximately 2.5 to 1. This means that a 1% drop in the AUD/USD price will increase the value of the ETF units by approximately 2.5%.
