The Australian dollar hasn’t had its best week falling sharply from above the key 0.77 level to a new six year low below 0.75. The AUD/USD is presently trading around the 0.75 level trying to consolidate and hold on. A few times last week the AUD/USD tested the key support level at 0.76 and enjoyed some solid support before it failed. Throughout last week the Australia dollar was starting to feel some selling pressure from the 0.77 level and it had its eyes firmly focused on the long term support level at 0.76. A couple of weeks ago the AUD/USD fell sharply lower below 0.77 however it found solid support from the ... (full story)