AUD/USD looks overbought and the Stochastic daily oscillator at 86 would remind that a possible retracement of recent gains is an option.
The pair developed an intermediate trading range this year in the area 0.6358-0.6850. AUD/USD trading at 0.6698, with a daily loss of -0.66%.
The Australian dollar is the second worst performer today, after the Japanese Yen, against the USD among the major group of currencies.
