FXstreet.com (C�rdoba) ? The recovery of the Aussie from 2-week lows found resistance at 1.0785 and lost momentum. The pair turned to the downside after Wall Street opening and fell to test daily lows that lie at 1.0678. So far it has been able to hold above supported by stocks in Wall Street that are recovering from the lows.

Currently AUD/USD trades at 1.0700/05, a decline of 0.75% from today?s opening price. The pair has fallen more than 300 pips in the last three trading days. ?With today's weak retail sales pulling the currency down further after the RBA kept rates unchanged yesterday and said economic data did not justify a rate increase?, said the Kshitij Consultancy Services Team, that sees support around 1.0650 for today.