AUD/USD finds some buyers, but still near four-week lows

• Aussie takes a break from losing in risk-happy markets.
• Market-wide risk event of BoE's interest rate on the cards.

AUD/USD is up ahead of European markets, trading into 0.7825 as of writing.

The Aussie was able to catch some bids upwards as risk appetite came back near the end of Tokyo trading, paring back losses seen earlier in Aisa markets. Following trade data from China that showed both imports and exports rising more than market forecasts, and further dovish cooing from the Bank of Japan's Suzuki, indexes jumped and safe havens like the Yen fell as markets decided to stretch their risk legs.

The Aussie, trading at four-week lows,  finds itself rebounding into incredibly oversold territory, having dropped consistently against the US Dollar this week and last, and has closed lower for seven of the past eight trading days. 

Further volatility is promised today with the UK's 'Super Thursday' triple-header coming today at 12:00 GMT that has the Bank of England (BOE) releasing their interest rate decision, meeting minutes, and monetary policy statement, GBP has a very busy day planned. The BoE rate decision is sure to inject some volatility in the mix today, and  the Bank of Japan's (BOJ) Hitoshi Suzuki is on the wires today, talking down Yen bulls once again by saying that the recent market moves are a result of investor sentiment, not underlying fundamentals, thus the BoJ is unlikely to adopt a different policy stance in the face of changing markets.

The commodity-based AUD/USD can expect to catch some volatility following the BoE's triple-threat as the USD gets pushed around depending on how markets digest the news coming down the pipe today.

AUD/USD Technicals

The pair is trading at the bottom right now, with intraday levels spaced at 0.7803 (support) and 0.7831 (resistance), and H4 candles showing an accelerated decline for AUD/USD, with technical indicators torturing themselves into producing further oversold readings. Daily candles are decidedly more demure, with the pair trading in between the 34 EMA and the 200-day SMA, but technical indicators still showing signs of bearish weardown.

Today's pivot points:
R2: 0.7939
R1: 0.7880
PP: 0.7848
S1: 0.7789
S2: 0.7757