FXStreet reports that the Credit Suisse analyst team notes that AUD/USD remains trapped in a short-term range after repeatedly struggling to break 0.7700/7690, however below here would turn the near-term risk lower.

“A sustained move below 0.7700/7690 would still turn the risks lower within the range, with the next support just below here at 0.7680/74. Beneath here would open up a move back to 0.7588/86, then the 0.7532 low. Removal of here would decisively reassert the broader topping theme and end the new, broader range.” 

"Only above 0.7839/49 would resolve the range to the upside and instead confirm a resumption of the broader bull trend."