AUDUSD: Though seeing a price hesitation during Friday trading session, it continues to maintain its broader medium term downside pressure.
Support lies at the 0.8750 level. A cut through here will turn attention to the 0.8700 level and then the 0.8650 level where a violation will set the stage for a retarget of the 0.8600 level.
On the upside, resistance resides at the 0.8850 level where a breach will aim at the 0.8900 level.
Above that level will set the stage for a run at the 0.8950 level with a cut through here resuming its broader uptrend towards the 0.9000 level. All in all, the pair faces further downside risk on correction.
