These end-of-month flows must be very large indeed as the cross continues to fall hard and AUD/USD has taken out support near .9580, which I thought would put up a stronger fight.

Other crosses are also on the move and EUR/CHF has taken out support at 1.2400 but one of the big Swiss banks is on the message boards reporting solid buying interest at 1.2370.

Cable is staying relatively stable near 1.5200 whilst all this mayhem is going on.