AUD/USD flirts with one-week lows, below 0.7700 mark
The AUD/USD pair remained depressed through the early European session and was last seen hovering near one-week lows, around the 0.7685-80 region.
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The AUD/USD came close again this week, pulling up to 0.7806 on Thursday just shy of the three year high of 0.7820 from January 6. Friday's pullback to support at 0.7700 is not rejection of the overall upward trend that goes back to April, but it may be sign that profit-taking is underway on the very steep ascent from the beginning of November.