AUDUSD Looks To Weaken Towards 0.6900 Zone

AUDUSD Looks To Weaken Towards 0.6900 Zone

AUDUSD looks to weaken further towards 0.6900 as it retains its downside pressure. On the downside, resistance lies at the 1.6900 level. A cut through here will turn attention to the 0.6850 level and then the 0.6800 level where a violation will set the stage for a retarget of the 0.6750 level. Its daily RSI is bearish and pointing lower suggesting more weakness. Resistance is seen the 0.7000 level where a breach will aim at the 0.7050 level. Below here will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7150 level. On the whole, AUDUSD faces further downside threats.