Pair is currently supported below $0.72 marks and trading around $0.7180 levels.
- Intraday bias remains bearish till the time pair holds key resistance levels at $0.7326 levels.
- Alternatively, current downfall will take the parity below $0.70 and $0.6826 levels thereafter.
- In addition, total building work in Australia fell a seasonally-adjusted 3.6% in the December quarter after sliding a revised 1.8% in the previous quarter.
We prefer to take short position in AUD/USD around $0.72, stop loss $0.7326 and target $0.6826 levels.
