AUDJPY SITTING AT SUPPORT

Recent comments from the RBA Governor Lowe has put the dampeners on any potential rate hike as he states they are starting to get concerned with credit supply. We are bullish on the AUDUSD market however we could see some potential short-term trades to the downside. If the market can break below the current support level of 81.40 we could see this market continue lower, especially as we have seen safe-haven buying recently.