AUD/USD Outlook (16 January 2020)

Overall, AUD/USD is moving across. Recently, AUD/USD has been ranging across within 45pips.
Currently, AUD/USD is hovering around the key level of 0.69. Its next support level is at 0.68500 and the next resistance level is at 0.70200.
As AUD/USD has been moving around the key level of 0.69 for the past 5 days with no clear direction, stay out of AUD/USD until there is a clear direction.