AUDUSD Chart Technical Outlook consolidates the sell-off, 0.6600 pivot resistance
Recent data from Australia showed softer Inflation, consumption, and labor market. The broad bias in AUD is bearish, while it is bullish in USD. The recent sell-off in USD due to softer business activity last Friday should be limited, eyeing a busy calendar in the US this week.
AUD/USD’s broad bias is bearish, but I expect a temporary upside price action. The rally should be capped by the resistance zone 0.6600-25
Resistances: 0.6565, 0.6625
Supports: 0.6490, 0.6440
