The Aussie had a bad day yesterday and has failed to bounce at all overnight. The macro market remains core long and I suspect that these positions will eventually be flushed out as long as the bad news continues to flow. Traders will be nervously looking to China for any more signs of property market woes. GBP/AUD looks now to be reversing its downtrend of the last 20 months and this will also weigh on the AUD.