Nasdaq down -0.80%. S&P -0.73%
The US stocks are hitting the skids and that is taking the AUDJPY lower with it.
The pair just fell below the April 25 low ad the Low from at the start of the day at 78.01-06 and below a lower channel trend line as well. That area is now close risk for the shorts. Stay below keeps the sellers in control.
Taking a look at the daily chart, the 77.69 to 77.43 level is home to seing lows since January 14. There was that ridiculous "flash crash" from January 3rd which distorts the lows, but throwing that day out, there are lows from January 2 at 75.96 and then 75.23 (from January 4th)
