AUDUSD retreats from 0.7700 but support noted into 0.7650

AUDUSD has enjoyed a good run post -Yellen but ran into strong resistance.

I highlighted the barrier option defence at 0.7700 earlier and we've since been back to 0.7652 where fresh demand has now provided a decent support line.

I hope a few of you with longs have taken the opportunity to take some money off the table and recreate lower down.

Seems to have been the theme of the morning with good two-way business notable in GBPUSD too which has come to a grinding halt at 1.4380 and rallied back to 1.4413 as I type.

Quick reminder that EURUSD has good selling interest/resistance around 1.1335 but stop loss buy orders reported if 1.1340 is breached.

Best in 2026

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