FXstreet.com (Sydney) - The Aussie has again lost to the USD falling to 0.9186. The pair has had mixed fortunes though generally downwards and is now trading in a narrow channel around 91.86/91. At once stage the pair dropped to an intraday low of 0.9147. The AUD is considered slightly bearish and finds support at 0.9138 and resistance at 0.9199.
The AUD was lower in the early afternoon following losses in the offshore session. As reported in the SMH, Sue Trinh from RBC Capital Markets said that increased risk aversion meant a rebound in the USD while pushing the Aussie down. The AUD is a commodity or risk-sensitive currency and moves in line with commodity prices. The Dow Jones fell 0.90%.