Overnight low in Asia around the previous high of $1.1012 is so far holding as support, with ozzie currently being underpinned by a resumption of EUR/AUD sales this morning from hedge funds.
AUD/USD is currently trading in the lows 1.1040’s and the cross has broken down through 1.3000, heading for the January lows around 1.2945/55
Talk of offers now around 1.1080 ahead of a barrier at 1.1100
