What I was hearing in the interbank market yesterday was that the market was getting worried about a return to large scale risk aversion and that nobody really wanted to buy the AUD. This has been confirmed overnight with the AUD losing ground across the board.
Unfortunately this has also meant that AUD/NZD has weakened and the trailing stop on half my position, which was placed well below the 20-day MA, was triggered overnight. My stop on the balance is now placed below 1.2450.
