The AUD/USD has held up relatively well thanks to option related bids out of Asia around the 0.7670/75 level. There was some AUD/JPY selling out of Tokyo earlier that helped cap the AUD/USD, but considering the fall in gold, weaker than expected Aus PPI and the EUR/USD weakness throughout the session the AUD/USD has held up well. There is decent support around the 0.7665. This level was good hourly support on January 21 and it also happens to be the 50% fibo of the 0.7530/0.7795 move. A break of 0.7665 would target the 61.8 of that move at 0.7630. The AUD/USD trades 0.7687/92.
