FxWirePro: AUD/USD slips below the 0.73 handle, strong resistance at 0.7322

AUD/USD looking weak on the day as USD broadly supported on better than expected CPI data on Thursday.

• US CPI induced gains were capped at 0.7338, were selling pressure was seen, pair has now slipped below the 0.73 handle
   
• Cloud base at 0.7322 is seen as strong resistance, pair unable to close above yesterday, correction lower likely
   
• Daily Stochs are at oversold and RSI is also biased lower, pullbacks to 10 DMA at 0.7255 possible
   
• AUD/USD is currently trading at 0.7290, with immediate resistance at 0.7310 (4H Tenkan) and support at 0.7285 (session low Oct 16)

Resistance Levels:

R1: 0.7310 (4H Tenkan)

R2: 0.7337 (session high Oct 16)

R3: 0.7344 (Oct 9 highs)

Support Levels:

S1: 0.7285 (session low Oct 16)

S2: 0.7256 (10 DMA)

S3: 0.7224 (Daily Tenkan)