AUD/USD has moved almost 300 pips from our entry levels and it would be silly not to book at least some profit at these levels. There is a 61.8% resistance level at .9335 and given the downtrend on the daily chart, these levels must be respected.

Once AUD/USD tops out, there should be a good opportunity to sell either EUR/USD or cable, given that these AUD moves are mainly cross related.