AUDUSD under pressure
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The AUDUSD is under pressure here as traders unwind AUDJPY longs. AUDJPY has broken the support level at 79.25/30, dragging the AUDUSD down with it. Support is seen at between 8240-8250 on the AUDUSD, with talk of some decent bids in that zone. Under there could open the door to 8150. Topside is limited to 8320 for now, with the earlier run up above 83c unsustainable. AUDJPY under 78.90 could see a possible retracement to the first Fibo retracement level at 77.70.
