FxWirePro: AUD/USD downside accelerates, dips below 0.60 handle to hit levels unseen since April 2003

AUD/USD chart - Trading View 

AUD/USD bears remain unstoppable, downside accelerates in the European session.

The major has briefly dipped below the crucial 0.60 handle to hit 17-year lows at 0.5993.

Concerns about a sharp economic slowdown in China weighs heavily on the Australian dollar.

The RBA meeting minutes failed to provide any respite for Aussie bulls, while revived the US dollar demand after Fed's emergency decision further aids downside.

Major trend is strongly bearish. Oversold oscillators and slight bullish divergence on RSI and Stochastics may see minor upticks. 

Later in the U.S. session, monthly retail sales figures will be watched for influence on the USD price dynamics.