It seems that the market has realised that being long AUD/USD is not an entirely risk-free trade and I’m hearing from dealers that there are lots of offers and call levels between .9050 and .9100 from accounts that are now starting to book profits on their longer term trades. Big technical support in the form of the steep bullish trendline comes in around about .8800 and a clean break below there would see even more long liquidation.