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• The AUD/USD consolidated around 0.6190 on Wednesday as traders adjusted positions ahead of risk events.
• Traders await U.S. CPI data later on Wednesday, Australia's employment report on Thursday, and China's economic releases on Friday.
•Australian gained on Tuesday as the US dollar weakened after softer-than-expected US producer inflation data.
• At GMT 04:52, The Australian dollar was last trading down 0.01% to $0.6193.
• Immediate resistance is located at 0.6204(Jan 14th high), any close above will push the pair towards 0.6257 (38.2%fib).
• Support is seen at 0.6138 (23.6%fib) and break below could take the pair towards 0.6129 (Lower BB)
Recommendation: Good to sell around 0.6200, with stop loss of 0.6260, and target price of 0.6140
