A follow through lower on its Thursday sell off is now underway as the pair remains weak and vulnerable to the downside. This leaves the risk of a return to its major support at the 1.0000 level on the cards with a violation of there calling for further declines towards its Nov 30'2011 low at 0.9942 level. A breach of here will turn focus to its Nov'2011 low at 0.9663 level. Its daily RSI is bearish and pointing lower supporting this view. Alternatively, AUDUSD will have to return above the 1.0378 level, its Nov 08'2011 high to halt its present weakness and bring gains towards the 1.0444 level, its Nov 03'2011 high followed by the 1.0569 level, its Oct 31 high. Further out, resistance resides at the 1.0749 level, its Oct 27'2011 high. All in all, the pair remains vulnerable to the downside as it continues to weaken.

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