The latest opinion polls are showing that the two main parties are 50:50 on a two-party preferred basis and that a hung parliament is a definite possibility.

AUD/USD remains in a solid short-term up trend with a target at 93 cents. Bears will need to force the market back below 90 cents to change the short-term direction.

On the crosses, the AUD managed to hang on to its short term support levels against the EUR and the JPY but still looks vulnerable in my view.