There is no mercy for the Australian dollar. AUD/USD is now trading just above 0.89, continuing the slide that it suffered from last week. Chinese stimulus gave the A$ a shot in the arm, but this faded away quite quickly as the US dollar rallied following the Fed decision. Late in the week, the trend intensified and the pair closed around 0.8920. The downtrend resumed in the wake of the new week, and again Chiina is in the limelight: the preliminary Chinese HSBC manufacturing PMI is eyed: it is an independent measure of the health of the world’s No. 2 economy, Australia’s No. 1 trade partner. A figure of 50, showing no growth prospects is expected. If the tentative break below 0.8910 is confirmed, the next level of support appears only at 0.8820. Resistance is at the round and clear separator of 0.90, followed by 0.91. For more, see the Australian dollar forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/JPY Riding on a Monster Trend Line – At Major Guest 8 years There is no mercy for the Australian dollar. AUD/USD is now trading just above 0.89, continuing the slide that it suffered from last week. Chinese stimulus gave the A$ a shot in the arm, but this faded away quite quickly as the US dollar rallied following the Fed decision. Late in the week, the trend intensified and the pair closed around 0.8920. The downtrend resumed in the wake of the new week, and again Chiina is in the limelight: the preliminary Chinese HSBC manufacturing PMI is eyed: it is an independent measure of the health of the world's No. 2… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.