FXStreet (Guatemala) - AUD/USD is currently trading at 0.7077 with a high of 0.7179 and a low of 0.7054. AUD/USD dropped again overnight in Asia where all the action seems to be happening with China as a catalyst. There was a sharp devaluation of the Yuan yesterday to kick off the supply and then the Chinese Ciaxin services data was also poor igniting further bearishness in the Aussie. AUD/USD and FOMC minutes Today, the ADP was strong in the US with 257k vs 192k expected as a prelude for Nonfarm Payrolls at the end of the week with a number expected above 200k and Fed hikes friendly. PMI's in the US were mixed and we now await the FOMC minutes to steer the direction in AUD/USD for the time being. AUD/USD levels Technical readings point to the 4 month uptrend at 0.7115 was taken out and so was the 0.7098 previous low. Next stop looks at 0.7017 November low and the September low at 0.6940. For more information, read our latest forex news.