AUD/USD trips stops below 0.9180

FXStreet (Bali) - AUD/USD has continued to weaken in Asia, with traders targeting stops below 0.+9180 accomplishing their goal, taking the rate to a new low of 0.9170.

A major fibonacci level at 0.9175-80 was marginally broken too, heightening the risk of a more bearish outlook going forward. Looks like the 4-month range is now history.