The pair falls to a low of 0.7713
Risk trades are losing further ground on the day. Equities are down, oil is down, and the aussie is being dragged along with it. AUD/USD is now down by 0.62% on the day.
The next level of support to watch out for is 0.7700 as show on the daily chart, and as Mike also pointed out here there will be bids lurking in the area as well.
But if stocks in the US post another dreadful day similar to yesterday and two days ago, I don't believe that level will hold for long.
