The Aussie dollar against the U.S. dollar continues is move lower supporting our bearish basis on the AUD/USD.

We are looking for price to test the October low at $0.9385.

Price continues to make lower highs with the latest at the $1.0475 and that the new lower high has been established look for price to accelerate lower towards parity.

Our chart indicators are beginning to become mix and could be indicating a small bounce in the near term back to resistance around $0.9800 level.