The AUDUSD has come down and to sit on the uptrend support line drawn from early March. A move under 79c should see AUD back to the June 23 low of 7790.
There are stops under 79c, which if triggered, will see the ball roll. Topside sellers 80c should see it capped in Asia today, with traders happy to sell ahead of that at 7960-70 area. My range for the next few hours is 7920-60, with a bias to sell rallies for an eventual break under 79c.
