Now 0.7600 is more likely than 0.7800
Another smart turnaround, albeit it one with more legs that the one in USDJPY earlier
From the 0.7742 high we're now down at 0.7622 and into the support area defined yesterday afternoon.
AUDUSD 15m chart
As I've just mentioned earlier and again in the comments, these rallies perhaps aren't as strong as they look. The clue is that we're seeing yet another quick collapse with no money supporting the moves up. That's a dangerous situation to trade as it can suck you in to thinking that buying a 20-30 pip dip will see you ok.
