Another potential nail in the Aussie dollar coffin should the currency come under further pressure; it has been the major mover in the asian session taking out the 1.0150 barrier and hitting a low so far of 1.0116. To date we have seen CB buying propping the bids.
The break of these levels is likely to the bear market, which loves selling to currency through major levels, target parity again.
With other risk pairs looking to be a likely sell on rallies this will further encourage an aussie down move.
