The 8745-50 area has held first time down there and we are now seeing a 20 pip bounce of that level. The NZD was the first to fall today on the back of the GDP number and AUD followed, however with bids in AUDNZD ahead of 1.2450, the AUD has found some buyers both on the cross and straight AUDUSD. Market feels a touch short and a move to 8780 maybe on the cards.