We call it the teflon Aussie because nothing sticks to it and to be sitting less than 100 pips below multi-decade highs and not be affected by the Chinese rate hike is indeed remarkable.
There is reportedly still strong interest to sell above 1.0200 but at the moment I would need a big premium before going short. From a medium-term technical perspective, the 20-week MA (currently at .9930) is becoming increasingly important.
