AUD/USD: bears need to break 0.7440 before 0.7400 - FXStreet

Analysts at Brown Brothers Harriman explained that the Australian dollar has fallen in six of the past seven Fridays.  

Key Quotes:

"This past Friday was not the exception. It lost about 0.33% to snap a two-day advance in which it gained 0.66%. There is not typically much follow through on Mondays.  Of the six Mondays during this period, the Australian dollar has risen on five of them.  

To close lower before the weekend, the market had to reject the three-day high (~$0.7525) that it had reached. The recent low in the $0.7440 area is the immediate target.  More significant support is seen at $0.7400."