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AUD/USD completes 300 pips decline to price sub 0.9100 levels

FXStreet (San Francisco) - The Aussie is currently trading at lows since March 24 around 0.9085 versus the US Dollar as the pair is collapsing for fourth day in a row and performing 300 pips down from September 5 highs at 0.9400.

After a brief period of consolidation from 0.9100 to 0.9115 in the American session, the AUD/USD resumed its downtrend and now it's trading at 0.9091, down 0.69% on the day, having posted a daily high at 0.9220 and low at 0.9085. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.

AUD/USD levels

As Jamie Coleman from FXBeat commented in a recent report, "traders were not impressed by last nights employment report, which looked good on the surface but was pretty weak, after a bit of digging."

If the pair consolidates levels below 0.9100, it will face next supports at 0.9080, 0.9000 and 0.8980. On the upside, resistances are at 0.9115, 0.9160 and 0.9215.

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