FXstreet.com (Barcelona) - Aussie is off to a rocky start at the Tokyo open following an 'out of the blue' unscheduled call from JP Morgan CEO which shocked the market. The largest US investment bank by assets announced a $2 billion loss on synthetic trading positions and could face another $1B depending upon how open positions play out.

The news have obviously exacerbated risk aversion, and this "should put additional downside pressure on the two likely for the Tokyo session" notes Chris Capre, Founder at 2nd Skies. The AUD/USD is currently testing the 1.0050 base, having erased completely better-then-expected Aus job figures yesterday.

Technically, Valeria Bednarik, Chief Analyst at FXstreet.com observes "an increasing bearish momentum in the pair while 20 SMA turns bearish above current price supporting more slides in the pair." Looking at the 4 hours chart, the analyst adds: "The bearish trend resumed as indicators head south below their midlines and price holds steady below a bearish 20 SMA. Below 1.0040, the pair may attempt to test parity today."

Hot levels, according to Valeria: "Support levels found at 1.0040 1.0000 0.9970, resistance levels spotted at 1.0080 1.0120 1.0160."