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FxWirePro: AUD/ USD consolidates around 0.6190 as traders brace for key risk events

• The AUD/USD consolidated around 0.6190  on Wednesday  as traders adjusted positions ahead of risk events.

• Traders await U.S. CPI data later on Wednesday, Australia's employment report on Thursday, and China's economic releases on Friday.

•Australian gained on Tuesday as the US dollar weakened after softer-than-expected US producer inflation data.

•  At GMT 04:52, The Australian dollar  was last  trading down 0.01% to $0.6193. 

•  Immediate resistance is located at 0.6204(Jan 14th high), any close above will push the pair towards 0.6257 (38.2%fib).

•  Support is seen at 0.6138 (23.6%fib) and break below could take the pair towards 0.6129 (Lower BB)

Recommendation: Good to sell  around 0.6200, with stop loss of 0.6260, and target price of 0.6140

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