FxWirePro: AUD/USD recovery attempts thwarted, pair below 0.69 handle
Wednesday, January 20, 2016 8:52 AM UTC
- AUD/USD attempts recovery above 0.6920 resistance, but dropped back to currently trade at 0.6863.
- Risks remain to the downside, the major is trading well below the daily cloud and 50-SMA, Daily RSI has room to go at 32.
- US housing starts and building permits followed by US CPI data due in the NY Session to have a major impact on the pair.
- Immediate resistance is seen at 0.6920 ahead of 0.6924 (session highs) and 0.6957 (Jan 19 highs).
- Supports on the downside are located at 0.6834 (Jan 18 lows) and then at 0.6827 (Jan 15 lows)
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