AUD/USD down 72 pips to 0.7919 today.
The Australian slumped on a misinterpretation of the RBA minutes, then rebounded in Asia but has been falling since the strong US housing starts data before finding some support at 0.7900.
AUDUSD daily
Bids:
- 0.7907 - session low
- 0.7900 - bids
- 0.7876 - May 11 high
- 0.7863 - May 8 low
- 0.7850 - medium demand
- 0.7800 bids
Offers:
- 0.7957 - Asia low
- 0.8010 - post-minutes high
- 0.8030 - offers
- 0.8050 - larger offers
- 0.8089 May 15 high
Today is the fourth consecutive day of declines.
