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Aussie recovering from lows, trading near 0.6750 level

  • AUD/USD is trying to recover after falling near two-month lows. 
  • A sideways consolidation is likely on the cards.  

 

AUD/USD daily chart

 

After falling sharply in January the market is attempting to bounce from near the 0.6700 figure. The market is currently failing to hold price above the 0.6751 resistance suggesting that the spot might have another retest of the lows near 0.6725, 0.6677 and 0.6647 price levels, according to the Technical Confluences Indicator.

  

Additional key levels 

 

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