Technically speaking, â€œAUDUSD continues its sideways movement between 1.0628 and 1.0844,â€ says Franco Shao, Chief Analyst at ForexCycle.com. â€œAs long as 1.0628 key support holds, the price action in the range is treated as consolidation of the uptrend from 0.9861 (Dec 15, 2011 low), and one more rise to 1.0900 is still possible after consolidation.â€
Last at 1.0720, AUD/USD is recording a 0.30% loss on the day, to the downside, further support is noted at 1.0650, while, to the upside, resistance is seen at 1.0770.
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