No appreciable bounce in the AUD/USD and it has fallen 50 pips already this morning at a very slow pace. The proposed mining tax, curbs on foreigners buying homes, an already over-inflated property market, possible revaluation of the Yuan; these are all issues weighing on the AUD. The biggest one of all is of course risk aversion with the highly-leveraged speculative market sitting very long AUD. AUD/USD is currently trading around hourly support at .8800 and a break below will put the focus on the spike low at .8715.