Yesterday's selloff signals the decline from 111.24 (Friday's high) to retrace the upmove from this year's low at 107.22 has resumed and below 109.47/56 would extend weakness towards 109.00/10 before prospect of a rebound due to oversold condition.  
Only a firm break of resistance at 110.54 (yesterday's high in Australia) would indicate the correction from 111.24 has ended instead and yield futher gain towards 110.90/00.