AUD/USD came under renewed selling pressure in the morning, after the nation’s retail sales for August unexpectedly dropped by the most in 4 years. The pair slid after it briefly broke the resistance near 0.7870 and currently trading around 0.7822. The slide could be extended today if the price able to break the minor support around 0.7815 and may challenge once again the key support at 0.7785/75 [100 DMA].
Support: 0.7815, 0.7785/75
Resistance: 0.7835, 0.7870/80
Recommendation: Wait for a decisive dip below the important support at 0.7785/75.