AUDUSD Faces Price Recovery Risk Off Recent Low

AUDUSD faces price recovery risk as it looks to follow through higher on the back of Monday higher close. Support comes in at the 0.7000 level where a breach will aim at the 0.6950 level. Below that level will set the stage for a move towards the 0.6900 level. A cut through here should target further downside pressure towards the 0.6850 level. On the upside, resistance lies at the 1.7100 level. A cut through here will turn attention to the 0.7150 level. And then the 0.7200 level where a violation will set the stage for a retarget of the 0.7250 level. On the whole, AUDUSD faces further recovery threats in the days ahead.