AUDUSD Threatens Further Weakness Towards The 0.6700 Zone

AUDUSD threatens further weakness towards the 0.6700 level in the new week.

On the upside, resistance lies at the 1.6800 level. A cut through here will turn focus to the 0.6850 level and then the 0.6900 level where a violation will set the stage for a retarget of the 0.6950 level.

Support lies at the 0.6700 level where a breach will aim at the 0.6650 level. Below here will open the door for a run at the 0.6600 level and then the 0.6550 level.

On the whole, AUDUSD faces further downside threats on more weakness.

 

 

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