Austock Securities senior client adviser Michael Heffernan said...

Austock Securities senior client adviser Michael Heffernan said the weak opening was to be expected given overseas commodities and equities trading.

''Commodities were down, gold was down, so there's no positive impulse for the market, so you would expect us to be down,'' Mr Heffernan said.

The losses presented a good opportunity for investors to buy into the market, and shares were likely to end the day higher than the opening, Mr Heffernan said.

Still waiting for westpac's consumer sentiment data along with ABS to announce international trade goods, and housing finance reports. Providing thats all good I see truth in Mr Heffernan's remarks.
As for the AUD short term pullbacks is expected, but overall the AUD still has very attractive interest with rates hinting another rise month on month, this should put a hard floor on AUD.