Forex: AUD/USD sinks on Eurogroup dissapointment

FXstreet.com (San Francisco) - The Australian dollar fell against the U.S. dollar Wednesday after the German Finance Minister said euro zone finance ministers have reached no agreement on the next tranche of loans to Greece.

AUDUSD was last down 0.4% from late US trade at 1.0388 as markets digest the latest developments, reaching an intraday low of 1.0350. At the time of writing, spot is looks poised for another leg lower, with the 100-day EMA offered as support at 1.0338. Below there, support is noted at 1.0325 (July 5 high). A push below there could test support at 1.0285 (Nov 16 low).

Words of wisdom from John Kicklighter, Chief Strategist for DailyFX.com: "If you're trading the outcome of this Greek event, don't focus on risk aversion. It will be curbed by the fading liquidity (Thanksgiving)."