We mentioned a few days ago that first target on AUD was .6750-70 area and GBP 1.5000 after the break of 1.4550. Both were pretty much achieved and have since retraced considerably. Having said that i cant see myself selling at these levels down here.
GBP retacement support is around 1.4420 and AUD .6470.
The AUD is still under pressure for the day with levels above 6600 to be sold into for another look at the critical support at .6470. Medium term i still think AUD can move higher espacially if China is stabilizing and if the RBA is coming to the end of its easing cycle.
With GBP, a move under 1.4400 will see a move back to recents lows. Toppy just for today at 1.4560 and tentative buyers at 1.4480-00 area