AUD/USD has been in decline during the Asian session with the market once again testing the low posted yesterday around $1.0285. Prices advanced back up to $1.0338 late on after the U.S. close, but the rate has once again been under pressure during Asian trading hours. The rate has now slipped to $1.0302 with immediate support seen around the $1.0250/$1.0285 region, where bids from exporters are seen. Additional demand is also eyed around $1.0260. The Kiwi and the Aussie remain the worst performers amongst the majors following a rise in the unemployment rate in NZ. The NZD is currently trading $0.8061 after earlier sliding down to a three month low of $0.8040.
EasyForexNews Research Team