The fact that AUD/USD has closed in NY below the psychologically important 1.0000 will undoubtedly have an effect on general sentiment; corporate and Sovereign buyers will be in less of a hurry to buy now. NZD/USD has also put in a weak close below .7790 and further losses look likely.
Next strong technical support in the AUD/USD is at .9860, and in the NZD/USD it’s at .7650.
