AUD/USD trades heavy, 0.7806 lowest

FXStreet (Bali) - AUD/USD is trading with a heavy tone in Asia, retaining the bearish momentum from the last US session, currently at 0.7823 after a 0.7806 low printed a few minutes ago, with a pick up in gold/copper stalling the fall.

Jim Langlands, Founder at FXCharts, shared his technical view on the pair, noting "support at the 100 HMA at 0.7805 and then to 0.7775." On the upside, further intraday recoveries should face immediate resistance at 0.7830 handle now.