The significant break below the 0.9065 support area has prompted further liquidation of long AUD positions during the US session. Traders have noted profit-taking in short-EUR, long commodity currency trades today with CAD and Kiwi also being sold in addition to AUD.

Traders report solid bids in the 0.9020 name on further dip[s though technical support on the dailies does not emerge until 0.8994, the 38.2% retracement of the 0.8575/0.9250 rally.