Daily Forex Update: AUD/USD

The downtrend on the intraday AUD/USD has accelerated slightly during the early hours of the Monday Asian session. There will be some significant economic events early this week in the AUD/USD starting with the Monetary Policy Meeting Minutes and Reserve Bank of Australian Governor Stevens' speech. Both these events will dictate how prices will behave now that the big figure at 0.9000 has been broken, and whether the daily time frame can resume its uptrend.