The Australian dollar hasn’t had a great last week as it has dropped sharply and in the last 24 hours moved down to a new multi-year low near 0.85. To start this new week it rallied back above 0.8650 again before falling lower in the last couple of days. In the week prior the Australian dollar was able to rally higher and bounce off multi year lows around 0.8550 and in doing so has moved back within the previously well established trading range between 0.8650 and 0.88. Earlier last week the Australian dollar ran into the resistance level at 0.88 again which stood tall and sent prices lower again. A few weeks ago it ... (full story)