AUDUSD (0.6939): The Australian dollar fell sharply on the day, losing 0.94% overall. Price action fell to a decade low of 0.6759 after closing a bit higher from the lows. The declines came following the break down of the support level near 0.7022. The current recovery could, however, keep the AUDUSD to consolidate just below the resistance level of 0.7022. As long as this level is not breached, the AUDUSD could be attempting to post a bottom. However, we cannot rule out further declines in the near term.
