AUD/USD remains in the downtrend from 0.8135, the bounce from 0.7758 is likely a correction of the downtrend.

Another fall could be expected to a correction and a breakdown below 0.7758 support could trigger further downside movement towards 0.7500. Near term resistance is at 0.8000, only a break above this level could take price to test 0.8135 resistance.

AUDUSD daily chart

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