AUD/USD is trading at the lowest levels since June 2012, when it entered the wide range. The pair broke below the lows of March and is now trading at 1.0050, a bit higher than the bottom 1.0037 seen earlier.
The drop began as the yen collapsed during the US session. USD/JPY made a big break above 100 in a gradual reaction to the positive news from the US. The dollar didn’t stop with the yen, and ran over other currencies as well.
AUD/USD parity provides support, and this is followed by 99.30, 99 and 98.60. Resistance is at 1.0110, followed by 1.0150 and 1.0230. For more, see the AUD/USD forecast and see a live chart of A$/USD:
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