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18 Jun 2013
AUD/USD moving lower
FXstreet.com (London) - AUD/USD has broken lower to reach 0.9440, in a continuation from overnights drop zone around 0.9570.
Last night, the AUD/USD fell under further pressure in the market following he RBA minutes which revealed that the RBA are giving a green light to Aussie dollar weakness, concerned in the main to chinas slow down and uncertainty with their major trading partner.
AUD/USD support seen 0.9388
Karen Jones at Commerzbank has said that a negative bias will remain while capped by 0.9792, the current June high.
The 0.9388 support represents a major break down point longer term. A close below here will introduce scope to 0.9147, then 0.8550 en route to 0.8068, the 2010 low.
Last night, the AUD/USD fell under further pressure in the market following he RBA minutes which revealed that the RBA are giving a green light to Aussie dollar weakness, concerned in the main to chinas slow down and uncertainty with their major trading partner.
AUD/USD support seen 0.9388
Karen Jones at Commerzbank has said that a negative bias will remain while capped by 0.9792, the current June high.
The 0.9388 support represents a major break down point longer term. A close below here will introduce scope to 0.9147, then 0.8550 en route to 0.8068, the 2010 low.