The AUDUSD dropped after  interest rates were cut by .25 BP in Asian trading.  Expectations varied with economist predicting anywhere from a 0 to .50 BP cut.  The result was a short-term spike up to the .98 followed by a steep decline.  The cross managed to move up and test the 50 fib from .98 in North America but could not find any real traction.  Heading into Asian trading news is once again on the radar.  AUD GDP is due at 1:30 GMT.  This number will be closely watched as a gauge for the entire Asian regions strength.  Resistance is at .98 and support begins at .97.  Any move up to .98 could find seller.

Sup    .98

Res     .97