The AUD/USD struggling with an overbought stochastic and appears to be losing momentum. Exactly as predicted we saw profit taking to 9230 and bottomed almost exactly here at 9225. More sideways action looks likely today and perhaps a test of resistance at 9250 then 9270/75. A good chance of a high for the day but above 9285 could trigger a retest of 9300/05. Only above 9310 is more positive and could target 9335/40 for a selling opportunity this week.
Strong support at 9220/10 is going to be important. A good chance of a low for the day here but any longs need stops below 9200. Go with a break lower as we should then target the next support at 9160/55 and a bounce from here expected.