Aud/Usd
AUD/USD remains confined in a range just above multi-week lows.Bearish technical set-up supports prospects for further weakness.
The AUD/USD pair consolidated the recent losses to three-week lows and seesawed between tepid gains/minor losses on Wednesday, around 200-period SMA on the 4-hourly chart.
The mentioned region also nears the 61.8%*Fibonacci*level of the 0.6763-0.7032 strong recovery move and should now act as a key pivotal point for the next leg of a directional move.