AUD tumbles as RBA's Ridout talks down the currency

FXstreet.com (Bali) - The Australian Dollar is falling off a cliff on headlines from Australian Central Bank's Ridout, saying A$ hasn't fallen far enough, in her own opinion, adding that at $0.80 is a fair deal for the economy... Nikkei is also breaking lower below jan 14 lows, exacerbating the moves in the AUD.

AUD/NZD bears are running the show today

AUD/NZD is consolidating with the downside bias as the cross opened the day at 1.0585 and moved down to the current level 1.0566.
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AUD/USD crashed below the support of 0.8750 and reached new lows at 0.8704.

AUD/USD started the day near 0.8746 interim support, but comments of the official dropped it to 0.87 area.
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