AUD/USD accelerates losses below 0.7700

The Australian dollar extends declines versus the US dollar in the late-Asian session, knocking-off AUD/USD back on the 0.76 handle. The Aussie came under renewed pressure as markets digest easing price pressures in China, while a retreat in the US dollar from its lowest against its major peers also dragged the pair lower.
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AUD/USD downtrend to resume soon – RBS

Greg Gibbs of RBS, explains that the commodity market deterioration suggests a bearish turn might be right around the corner for AUD/USD.
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