AUD/USD: Coming under pressure

FX:AUDUSD   Australian Dollar / U.S. Dollar
14:15 GMT - Anticipated losses have spiked below congestion around 0.7650, with unwinding oversold intraday studies prompting a bounce from the 0.7620 Fibonacci retracement . Short-term gains are possible, before negative daily stochastics and the falling Tension Indicator extend losses still further. A later break below 0.7620 will open up critical support at the 0.7564 current year low from 2 February. Meanwhile, resistance is at 0.7800 and should prove difficult to reach.
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