Forex: AUD/USD breaks down 1.0200

FXstreet.com (San Francisco) - The Aussie has lost the 1.0200 mark against the US Dollar after falling around 65 pips from 1.0240 to trade at daily lows at 1.0175. Currently the pair is pricing at 1.0185, turning back all previous gains and going 0.06% negative so far today.

Risk aversion hits markets with stocks and commodities nose diving, dragging dollar higher against major rivals. "The bearish trend in the AUDUSD resumed, with the pair breaking below 1.0200 back nearing key support area around 1.0150/60," comments Valeria Bednarik from FXstreet.com.

"The pair presents a daily double roof at 1.0615, with mentioned level acting as neckline," Bednarik adds. "Daily close below 1.0150 will confirm the 480 pips height figure, as long as recovery stall around it. 1.0120 and 1.0080 are immediate short term supports."