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    AUD/USD resumes trade under 2015 low

    © Dukascopy Bank SA
    "The bearish phase that started more than a week ago is clearly intact as AUD cracked through the 2015 low of 0.6890/95." 
    - UOB (based on FXStreet) 

    Pair's Outlook 
    Last Friday the Aussie dropped 125 pips against its US counterpart, falling to the lowest in five years. The AUD/USD currency pair managed to climb above the 2015 low earlier today, but is struggling to maintain trade at that level, as the weekly PP is providing resistance around it. Meanwhile, the monthly S3 is the closest level to limit the gains, located just above the opening price at 0.6838, whereas the Bollinger band circa 0.6824 is the nearest support. Technical studies retain their mixed signals, implying the Australian currency could retreat from its intraday gains and close under 0.685. 

    Traders' Sentiment 
    Bullish market sentiment remains unchanged at 73%, while the number of purchase orders added 8% points, climbing up to 37%.
    © Dukascopy Bank SA

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