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Forex pairs in this Article » AUD/USD (San Francisco) - The Aussie is trading under pressure today's American session after the better than expected September employment data in US. The AUDUSD has fallen around 100 pips from 1.0265 in the US opening bell to break down previous November low at 1.0180 and trade at the lowest level since September 6 at 1.0165.

Currently the AUS/USD is pricing at 1.0172, 0.67% below opening price action. RBS's Technical Markets Strategist William Moore says the AUDUSD could dip below parity.

"The recent reprieve for the AUD does absolutely nothing technically to suggest that a rally is brewing and it still looks as if there is a sell off coming."

Moreover, "should the market be able to creep another figure higher to the break down level at 1.0342 then it looks an ideal fade level - we foresee plenty of stop losses that are tucked beneath the previous low at 1.0168, which should accelerate this lower to parity and beyond." Moore notes.
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