The AUD/USD has just traded down to a new low of 0.6471 and now threatens a move lower to retest support at 0.6440/50. I would not be surprised to see the AUD/USD head back to 0.6350 in the coming sessions where the base of the upward sloping trend channel comes in, but that will largely depend upon the EUR/USD’s ability to hold above the all important 1.2700 level.