• Stops done below 1.0110 but market has bounced 50 pips immediately
• Most of selling coming from US investment houses; Sovereign names still buying dips
• Lot will depend on Asian stocks; if there’s no major bloodbath then we might see a bounce in AUD/USD
• Obvious play is to be patient and sell rallies back towards the breakdown level 1.0250/1.0300
• More stops waiting below 1.0100 which will get triggered if Asian equity markets collapse