Talking Points: •AUD/USD Technical Strategy: Flat •Support: 0.7580, 0.7400, 0.7220 •Resistance:0.7691, 0.7781, 0.7871 The Australian Dollar fell for a fifth consecutive day against its US counterpart, making for the longest losing streak in two months. Near-term support is at 0.7580, the 76.4% Fibonacci expansion, with a break below that on a daily closing basis exposing the 100% level at 0.7400. Alternatively, a rebound above the 0.7664-91 area (trend line, 61.8% Fib) opens the door for a test of the 50% Fib at 0.7781. Prices are wedged too closely between near-term support and resistance levels to justify taking a ... (full story)