Another day of losses for the AUD/USD today, as the currency fell to its lowest since March 20, after trading a low of $0.9030 last Friday during the US hours. Aussie-dollar opened at $0.9017 this morning, as it gapped down from the US close of $0.9038 and continued with the heavy tone seen in recent weeks. Over the weekend, Australian PM Tony Abbott announced plans to commit troops to join the US-led coalition against the Islamic State terror group operating in Iraq and Syria. Aussie-dollar bounced off $0.9003 in early trade and got up to $0.9017 where it hit fresh selling pressure. The pair made continued attempts to drive through $0.9000 but defensive bids related to a $0.9000 barrier kept the pair afloat although the pair just brushed against that low for the session.Aussie-dollar was last at $0.8997, still at the low end of the day’s $0.8990 to $0.9017 range. Topside stops are noted above $0.9100 and $0.9150 today and on the downside below $0.8990.
