There is no sign of any bounce in the AUD at all and there is a smell of a ‘big unwind’ in the air. I’d look for prices to start operating on a lower plane in AUD/USD, perhaps 1.0125/1.0325 or something like that whereas in the AUD crosses like EUR/AUD, we may even see a stronger trend ie when AUD/USD bottoms out, that’s the time to buy EUR/USD maybe?
