Downtrend Continue in AUD counter - Asian Morning trade
Australian Dollar (USD) continue slides against it's biggest counter part American Dollar (USD ) .Extending yesterday's( 24/01/2013) downtrend, the Australian dollar reached 1.0441 against its USD on Friday Morning Trade. Now the AUDUSD pair trading its weakest level since January 4. At Thursday's Latin American close, the Australian dollar (AUD) was worth 1.0454 against the Major pair US Dollar. The near-term bias is bearish for Australian Dollar (AUD) at the moment. AUD/USD pair is poised to pierce its 100-day simple moving average level of 1.0420 in Friday's trade.
