AUDUSD Chart Technical Outlook resistance levels at 0.6695 and 0.6750 are expected to challenge bulls
The Aussie Dollar bounced up on Wednesday and has traded higher over the last sessions, supported by a favourable market sentiment in Asia.
The broader trend remains negative, with the US Dollar consolidating gains. Sticky US CPI figures dampened hopes of aggressive cuts by the Fed on Wednesday, increasing support for the USD. This is likely to limit AUD´s upside attempts.
The pair is now testing resistance at 0.6695, with the next target above here, at 0.6750. I expect these levels to hold the pair unless US Jobless Claims show a higher-than-expected increase later today. Support levels are 0.6640 and 0.6565.
