The Australian Dollar maintained the junior descending channel pattern against the US Dollar on Wednesday. The currency pair traded near the bottom border of a descending channel pattern.
The exchange rate could make an upside reversal from a support cluster formed by the combination of the weekly and the monthly support levels at 0.6955 within this session.
If the AUD/USD currency exchange rate breaks this support lines, the next target for bearish traders would be at the 0.6940 area.
