The 61.8% retracement of the .9850-.6010 collapse came in at .8374 and we are trading right on that level now. Dealers had speculated on heavy stops above .8400 this morning but they ran into some solid offers around the .8393 high and there are more around the figure I’m reliably informed. Nevertheless the sentiment for this pair remains very positive and buyers will surely be lying in wait for any dips back towards .8000. AUD/NZD buying around 1.26 is also helping support the AUD/USD on dips.