AUDUSD. The pair tumbled lower on sell on Wednesday and remains weak leaving risk of more weakness on the cards. On the downside, support resides at the 0.7550 level where a breach will aim at the 0.7500 level. Below that level will set the stage for a run at the 0.7450 level with a cut through here targeting further downside pressure towards the 0.7400 level. On the upside, resistance lies at the 0.7650 level. A cut through here will turn attention to the 0.7700 level and then the 0.7750 level where a violation will set the stage for a retarget of the 0.7800 level. On the whole, AUDUSD remains biased to the downside.
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