Having the pair halted its upside pressure to close lower on Thursday, further weakness is envisaged. On the downside, support resides at the 0.7450 level, where a breach will aim at the 0.7400 level. Below that level will set the stage for a run at the 0.7350 level, with a cut through here targeting further downside pressure towards the 0.7300 level. On the upside, resistance lies at the 0.7550 level. A cut through here will turn attention to the 0.7600 level and then the 0.7650 level, where a violation will set the stage for a retarget of the 0.7700 level. On the whole, AUD/USD remains biased to the downside medium term.