Aussie feels the pain after Stevens says RBA is "open minded" on intervention

At the time of writing it looks like the Aussie is about to register its 5th consecutive day of declines as the AUD sells off. Comments towards the end of last week by the RBA Governor Stevens let investors know that intervening to weaken the Aussie was still an important alternative for the Australian central bank.

For the current week we're expecting the AUD/USD decline to stop ahead of 0.9058. After this move down we could see the currency pair re-attempting 0.93/0.9360 levels.