The Australian dollar has been and underperformer this morning
Its given a bit back after the gains of last week ... continuing its Friday's weakness
Weighing on it today is sentiment leaning a little away from risk, with regional equities a little heavy (though Japan is closed). Having said this, watch the Shanghai Composite, China opened weak but has been on the up ever since:
If China can continue to gain we can see the AUD back towards 0.7200 before resistance kicks in again