The Aussie dropped more than 200 pips in a short period of time, so it took a short break. Everyone is expecting for the RBA to lower the interest rate to a record low of 2%, or at least to put pressure on the exchange rate at the next monetary policy meeting. But my TA is also bearish for the moment. I think that there is a high probability for the price to break below the local support and aim for 0.7700. My theory will be invalidated if I will see a rally and a 60 minute close above the local resistance (0.7850)