Forex: AUD/USD breaks down to fresh 3-month lows

FXstreet.com (Barcelona) - AUDUSD is currently at 1.0167 off fresh session and 3-month lows at 1.0146, while RBA Governor Glenn Stevens is due to testify about Reserve Bank's response to allegations of corrupt activity at Note Printing Australia and Security International, before the House of Representatives Standing Committee on Economics, in Canberra. The pair is down by -0.18% since previous weekly close past Friday, and -0.77% since previous open in Asia-Pacífic as of same day.

According to BNZ currency strategist Kymberly Martin as quoted by Lucy Craymer for DowJones, the AUDUSD "appeared to be trading in their own world on Friday night,", the analyst said, noting now with a break below key current level would open the way for a bigger retrace towards parity. Before there, "Next technical support of note is at 1.0100, where a 50% retracement and prior daily low converge", says Sean Lee, founder at FXWW.

Immediate support to the downside for AUDUSD sits at recent fresh session and 3-month lows at 1.0145, followed by June 28 highs at 1.0130, and July 12 lows at 1.0096. For the upside, nearest term resistance comes at Oct 04 lows 1.0180, followed by Oct 03 lows at 1.0200, and Friday/Thursday's highs at 1.0272.