AUD/USD is holding just above its Sydney low of 0.9246 with the Greek/Euro debacle putting back on the table the risk aversion theme. AUD/USD obviously walks a fine line here and is the first currency sold when there is a mere whiff of risk aversion. The market is long AUD to the hilt and a move below 1.3300 in EUR/USD and mounting stock losses on European and US bourses could result in a big shake out. One must remember that we hit 0.9157 on Monday this week as Asia reacted negatively to the Goldman Sachs news.