AUDUSD (0.7150): The AUDUSD currency pair is seen breaking out of its consolidation as price action is seen trading below the support level of 0.7191. The declines could potentially mark a retest of the support at 0.7022. In the short term, we could expect to see the AUDUSD retesting the current level of 0.7191 which could be tested for resistance. This could confirm the move to the lower support which has been pending retest for a while. As long as AUDUSD remains above 0.7022, we expect the bias to stay to the upside.
