The AUD/USD was the weakest of the major pairs last week sliding more than 2% and over 3% for the month of August. Today’s low of .7166 in Asian trade is the lowest level since December of 2016. Over the last several weeks, Forex Traders have had to weigh up both fundamental and technical aspects of the Aussie to determine whether the AUD/USD was approaching a key support level, or just beginning to pick up downside momentum. The pair has been offered in the general “risk-off” environment of increased trade tensions between the USA and China. China the destination of more than 60% of Australia’s exports with much of ... (full story)