AUD/USD last sits slightly off lows at.......>

AUSSIE: AUD/USD last sits slightly off lows at $0.6763, 18 pips worse off. The

rate slid as risk sentiment turned sour, with BBG trader sources pointing to

AUD/JPY sales when S&P500 futures entered negative territory. On the data front,

Australian CBA PMIs were rather disappointing, with both services & composite

tallies moving into contractionary territory; however, no immediate AUD reaction

was noted upon the release of the survey.

- The 23.6% fibo retracement of the Jul-Aug slide at $0.6773 and trendline

support at $0.6764 gave way, shifting bearish focus to the Aug 14 low of

$0.6736. Conversely, a return above the breached levels would encourage bulls to

target the $0.6800 barrier again.

- RBA Governor Lowe's address at Jackson Hole, scheduled for U.S. hours on

Saturday, is the only real event of note on the local docket during the

remainder of the week.