• AUD/USD edged higher on Wednesday, but gains were constrained due to a lack of details regarding China's stimulus plans.
• Investors continue to focus on China following a volatile day in Chinese and Hong Kong markets during the previous session.
• Market players are still waiting for additional stimulus measures that will could boost market sentiment .
• Technical signals show the pair could lose more ground as RSI is up at 44, and 9, 11,21 DMA’s are trending south.
• Immediate resistance is located at 0.6771 (38.2%fib), any close above will push the pair towards 0.6816(50%fib).
• Support is seen at 0.67108 (23.6%fib) and break below could take the pair towards 0.6682 (lower BB).
Recommendation: Good to sell around 0.6750, with stop loss of 0.6820 and target price of 0.6670
