AUDUSD (0.7166): The AUDUSD currency pair closed bearish following the failure to post any significant gains above the 0.7191 handle. The close could trigger a modest correction to the downside with the lower support at 0.7022 likely to come into focus. Alternately, there is a scope that price could maintain its consolidation at the current levels with the risk of moving back above 0.7191 level.
