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AUDUSD Risk Remains Higher On More Correction

AUDUSD risk remains higher on more correction following a hold on to its recent gain. On the upside, resistance lies at the 1.6850 level. A cut through here will turn attention to the 0.6900 level and then the 0.6950 level where a violation will set the stage for a retarget of the 0.7000 level. Support resides at the 0.6700 level where a breach will aim at the 0.6750 level. Below here will set the stage for a run at the 0.6700 level with a cut through here targeting further downside pressure towards the 0.6650 level. On the whole, AUDUSD faces further upside threats in the days ahead.

AUDUSD Risk Remains Higher On More Correction

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