Australian dollar is a different kettle of fish - BBH

Research Team at BBH, notes that the Australian dollar is a different kettle of fish as it staged a key reversal yesterday by making a new high for the move (poked briefly through the $0.7500 target) and then proceeded to sell off through the previous day's low. 

Key Quotes

“There has been follow through selling today which pressed the Aussie through $0.7400.  If the bounce from late May is being retraced, the initial target is near $0.7365 and then $0.7325.”