AUDUSD - We have been calling for counter-trend moves in the US dollar across the board, and the AUDUSD is no exception. A bearish AUDUSD extreme invites further topside corrections, and yesterday’s impressive reversal suggests that a short-term low is in place at 0.7899. Next noteworthy resistance comes at the 38.2 percent retracement of 0.8814-0.7898 at 0.8246.