One-month risk reversal (RR) of AUD/USD,  a gauge of calls to puts, drops the most since February 14 on daily basis, per data source Reuters. That said, the spread between call and put options prints -0.287 level by the press time of early Tuesday morning in Europe.

Not only the daily print but the fifth consecutive negative weekly print also portrays the market’s bearish bias over the AUD/USD. That said, the latest print of weekly RR is -0.175.

Given the AUD/USD pair’s risk-barometer status, the escalation in the Ukraine- Russia tussles seems to favor the options bears.

The pair’s latest performance also justifies the negative RR as AUD/USD renews intraday low around 0.7275 by the press time, down 0.50% on a day. That said, a speech from RBA Governor Philip Lowe, during late Tuesday, acts as a nearby catalyst for the pair traders to watch.

Read: AUD/USD Price Analysis: Pullback towards 0.7280 may bring fresh bids towards five-months high