AUD still in free-fall
- AUD/USD looks set to test important weekly support at .9390.
- EUR/AUD and GBP/AUD are well above their break-up levels from this morning and neither pair is showing any signs of tiredness.
- AUD/NZD is below 1.1950 but is lacking momentum so more sideways trading is favoured here.
Remember that most ‘silly’ extremes seem to happen during Asian trade and we don’t know they were extremes until weeks later.