The Australian Dollar continues its decline against the US Dollar in a descending channel pattern. This downward movement was not very distinct throughout the previous session, as traders were reluctant to enter into massive trades during the holidays season.
It seems that the bearish sentiment could allay today, as apparent by technical indicators. Given that the AUD/USD currency exchange rate is supported by the monthly pivot point at 0.7012 area, the Aussie is likely to remain above this zone within this session
