AUDUSD (0.7137): The Australian Dollar weakened as price action posted a brief retest of the resistance level a 0.7191. Failure to close above the resistance level put the downside pressure in price. With the price extending the declines from the resistance level, the AUDUSD could go through for a retest to the lower support at 0.7022. The drops could initially stall at 0.7050 which marks the 38.2% Fibonacci retracement level followed by the retest of the lower support.
