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AUD/USD Parity getting closer after the collapse of the

AUD/USD is trading at the lowest levels since June 2012, when it entered the wide range. The pair broke below the lows of March and is now trading at 1.0050, a bit higher than the bottom 1.0037 seen earlier.

The drop began as the yen collapsed during the US session. USD/JPY made a big break above 100 in a gradual reaction to the positive news from the US. The dollar didn’t stop with the yen, and ran over other currencies as well.

AUD/USD parity provides support, and this is followed by 99.30, 99 and 98.60. Resistance is at 1.0110, followed by 1.0150 and 1.0230. For more, see the AUD/USD forecast and see a live chart of A$/USD:

[do action=”tradingviews” pair=”AUDUSD” interval=”60″/]

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.