AUD/USD threatens further upside pressure following its price reversal on Friday. On the downside, support comes in at the 1.6750 level. A cut through here will turn focus to the 0.6700 level and then the 0.6700 level. A violation will set the stage for a retarget of the 0.6650 level. Conversely, resistance lies at the 0.6850 level where a breach will aim at the 0.6900 level.

Below here will open the door for a run at the 0.6950 level and then the 0.7000 level. Its daily RSI is bullish and pointing higher suggesting more strength.  On the whole, AUD/USD faces further upside threats on correction.

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