The 50% retracement of the big downmove from 1.0580 to .8850 comes in near .9720 and this level is certain to attract plenty of profit-takers (see chart).

The AUD has made small gains against the Yen, breaking through the barrier at 95.00, but has lost ground against a galloping EUR, where EUR/AUD support at 1.4125 (see chart) is looking very strong indeed.