AUD/USD plummets to fresh weekly lows sub-0.96 on the back of broad USD strength

FXstreet.com (Barcelona) - Aussie is currently tanking to fresh session and weekly lows, last at 0.9605 USD, off mentioned lows at 0.9596, few pips shy of Thursday's fresh 11-month lows at 0.9591. The AUD/USD is down -0.48% for the week so far, on tha back of a broad USD move higher.

Following Tokyo open, with Nikkei index opening around the 14000 round, down -1% for the day, the market shot higher to above the 14200 points mark, taking USD/JPY up with it, and EUR/USD and AUD/USD down. Both EUR/USD and GBP/USD are at fresh weekly lows, given low liquidity in past London and NY session as these markets have been closed for holidays.

Immediate support to the downside for AUD/USD lies at mentioned session/weekly lows 0.9596, followed by Thursday's fresh 11-month lows at 0.9591, and 01 June lows at 0.9580. To the upside, closest resistance shows at Monday's lows 0.9615, followed by Friday's lows at 0.9632, and yesterday's weekly highs at 0.9665.