AUDUSD (0.7204): The Australian dollar dropped to the lower end of the range at 0.7191. The declines came after AUDUSD failed to post a breakout above 0.7292 level of resistance. The drops are likely to stall at the current level leaving AUDUSD to trade sideways. However, in the event of a decline below 0.7191, we could expect the currency pair to test the lower support at 0.7022
