[AUD/USD]

[AUD/USD] tumbled to a fresh intraday low around the 0.6820 level filling buying orders at the 0.6860 level and triggering stops at the 0.6850 level on selling from a local and Asian name. The pair's downmove was exacerbated by further falls in the Asia/Pacific stock market on news of the US auto task force rejecting the restructuring plans by GM and Chrysler. The pair was also weighed down by heavy selling in the Aud/Jpy by Japanese accounts which saw the cross tanked by more than 2.5%.