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- AUD/USD refreshed lows
AUD/USD refreshed lows
AUD/USD pulled lower by the euro-dollar slippage. The rate breaks under $0.9900 and extends its corrective pullback from highs of $1.0002. PM Gillard announcement of a flood tax had prompted rate to slide through $0.9940. Rate touches a low of $0.9876. Traders already highlighting the 100-dma at $0.9842 (not seen since the end of Aug 2010). Last week's lows between $0.9840/30 behind expected to provide some back up support, but momentum sellers expected to emerge if we break this area.
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