AUDUSD Faces Recovery Threats On Lower Price Rejection

AUDUSD faces recovery threats on lower price rejection ahead of its key support. On the upside, resistance lies at the 1.6750 level. A cut through here will turn focus to the 0.6800 level and then the 0.6900 level where a violation will set the stage for a retarget of the 0.6850 level. Support lies at the 0.6700 level where a breach will aim at the 0.6650 level. Below here will open the door for a run at the 0.6600 level and then the 0.6550 level. On the whole, AUDUSD faces further upside threats on recovery.