By FX Empire.com
AUD/USD fell apart on Monday as traders sold off risk. The global markets were rocked again, and the Aussie paid for it. The Aussie is very sensitive to economic growth as it is based off of a lot of commodity trading, so we expect this pair to continue falling. However, the 0.95 level is just below, and one can almost always expect a bit of a reaction at a large 500-pip round number. Because of this, we are waiting for a bounce from which to sell. The 0.9350 level is where we see serious longer-term support in this pair.
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