FXstreet.com (Barcelona) - Aussie's retreat form year to date high has extended lower today after failure to break above 0.9200, and the Aussie has reached a fresh low at 0.9015.

Despite the last day's decline, Aussie strength seen during the last 10 months remains intact, according to James Chen, technical analyst at FX Solutions: But the strong uptrend in AUD/USD, which has been firmly in place since early March, is currently still very much intact. The current bull market correction in this currency pair has thus far constituted a normal, minor retracement after over-extending to the upside in a steep bullish run.