AUDUSD looks to extend further higher as it holds on to its recovery threats. On the downside, support comes in at the 1.6550 level. A cut through here will turn focus to the 0.6500 level and then the 0.6450 level. A violation will set the stage for a retarget of the 0.6400 level. Conversely, resistance lies at the 0.6650 level where a breach will aim at the 0.6700 level. Below here will open the door for a run at the 0.6750 level and then the 0.6800 level. Its daily RSI is bullish and pointing higher suggesting more strength On the whole, AUDUSD faces further upside threats in the short term.
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