AUD/USD ready to finally print a new low?...

Aud/Nzd soaring towards 1.0940 from around 1.0818 respectively at the other ends of the spectrum, and the catalyst came overnight in the form of a AUD 3.8 bn Government fund designed to put a ceiling on house prices via extra short to medium term supply. Finance Minister Robertson warned that the recent increase in property valuations is not only having an adverse impact on affordability, but also poses a threat to economic stability. Bearish bias remains in place from last week.