FXStreet (Edinburgh) - Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the Aussie dollar grind lower in the next medium term. Key Quotes “AUD/USD no change – the market recently charted a daily and weekly close below .7097 channel support and in doing so completed a bearish continuation pattern”. “The move on Friday also closed below the .7068 late October low – this is negative”. “Medium term we continue to target the September low at .6940. Below it lies the .6905 recent low and also the .6774 2004 low”. For more information, read our latest forex news.