I thought that the AUD/USD bottom-pickers were holding some pretty strong cards yesterday and the fact that it’s been unable to maintain its gains is certainly worrying. I cut 1/2 my position on the break below .9215 and I have a trailing stop on the balance 100 pips lower. No point in being too stubborn!
AUD/JPY is sitting on support levels near 90.00 and that should give the AUD/USD some support this morning. On the other hand, NZD/USD has broken back below .8060 and is looking a little shakier as well.