The collapse of EUR/AUD off the 1.2740 level to 1.2673 has cushioned AUD/USD’s fall this morning but it’s also bids from the mining fraternity and corporates around the lows that ‘s also helping to halt the AUD/USD’s slide.
We’re sitting just above the 100 day MA at 1.0373 after an earlier dip to 1.0368. Below here there is some tech support as well from the Ichimoku cloud base around 1.0355.