Sforex
Short

Aussie: Break 2015 year low, next 0.6770

FX:AUDUSD   Australian Dollar/U.S. Dollar
85 0 0
Last week, A/U made a big break when it pierced 2015 year low to fall below 0.6900

This is an important break we must not ignore and who calls for a buy should rethink their decisions.

The problem is Australia has a great connection to China, so when China has problem,Australia is impacted as a result.

I don't see any positive signal from China despite Chinese government surely that they can handle the threat.

There is no major support below 0.6900 level,so I choose a Gann level to position for A/U.

I choose 0.6770 first then 0.6700

Maintain bearish bias for Aussie.
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