The Aussie dollar keeps the negative territory today, relegating AUD/USD to the 0.7100 neighbourhood. AUD/USD weaker on USD strength Spot has met increasing selling pressure following overnight comments by RBA Board member J.Edwards, who hinted that the exchange rate could be somewhat ‘overvalued’, as he expressed his preference for AUD at 0.65 vs. the dollar. Absent releases in Oz, the attention has shifted to the US calendar, where January’s inflation figures tracked by the CPI are due later in the NA session. AUD/USD levels to watch At the moment the pair is down 0.60% at 0.7104 facing the next support at 0.6971 (low Feb.9) ahead of 0.6916 (low Jan.26) and finally 0.6825 (low Jan.20). On the other hand, a surpass of 0.7246 (high Feb.4) would expose 0.7282 (200-day sma) and then 0.7388 (monthly high Dec.4). For more information, read our latest forex news.