Aussie dollar continued its free fall this week and there is no sign of recovery yet, short term and medium term supports broken easily, even a short term retracements were also very limited, mainly due to correction of US dollar.
It will not be surprised if AUDUSD continued to move down further today. The sell side is totally controlling the price and the bearish momentum is very strong now.
The next key support for Aussie dollar is 0.8660, we hope to see some recovery at this zone.
Forex Trading Signal:
We will watch for signals to short Aussie to trade in line with current momentum and it is safer to sell around 0.8900.