Australian dollar low

The Australian dollar has wiped out all of Thursday's gain in a three-day slide that calls into question what looked like a promising breakout.

The gains started late last week after the jobs report showed better full-time hiring, even with a weakening in the headline. The second leg of strength came on Williams' initial dovish comments along with the test of a long-term downtrend.

Australian dollar low

The fall today also pushes the Aussie back below the 100-day moving average