AUD/USD: further losses appear likely to 0.7650-$0.7700 - BBH

Analysts at Brown Brothers Harriman noted that the Australian dollar went into the weekend with a four-day losing streak.  

Key Quotes:

"It has weakened eight of the last 11 sessions. With the losses below $0.7740, it has given back more than 61.8% of the December-January rally from about $0.7500 to $0.8135."

"The technical indicators are soft, and further losses appear likely. The $0.7650-$0.7700 is the next technical target, and recovery back through $0.7780-$0.7800, would remove the downside pressures."