AUD/USD climbs above 74.00

There's no clear place to draw the starting point of the fall but even from 0.7600, which is conservative, AUD/JPY has recovered more than 61.8% of the drop. Still, that's one to be careful with because the lines are fuzzy at this point.

Technically, a climb back above the 61.8% level would be a good sign but I don't think you want to hold that to the pip. Even as I'm writing this, AUD/JPY has fallen back to 73.50. The high of 74.12 now sets a bar to watch.