The AUDUSD pair fell further through 1.0450 support in the overnight hours, lending to a likely break of the upcoming support figure of 1.0400. Further declines can be anticipated as the Australian dollar has now fallen through support barriers comprised of the 1.0450 figure, the 1.0426 100 EMA support and the 0.9580-1.0344 asending trendline. As a result, medium term declines will likely only be held at bay by lower support targets at 1.0376.
