Examining the Australian dollar and USD cross from the lows made approximately 1 year ago in August of 2007, we notice many critical levels, including the more immediate 61.8% retracement, as well as the full retracement possibly further down the road. The 61.8% retracement has provided some support for the pair as it moved toward the highs (highlighted below) and might provide support and consolidation on the way down. The pair has already traded off over 1200 pips in less than a month.