AUD/USD traded up to 09315 a short time ago and currently sits just below. As stated earlier in the day selling this pair is tricky. Despite the elevated levels of AUD longs in the market as noted in the CFTC data, this baby just won’t go down. Today we got another hawkish RBA statement (are there any others) whilst its antipodean cousin across the Tasman got a lower than expected CPI reading putting in doubt supposed rate hikes mid year. This sent AUD/NZD back towards 1.31 and decade high territory. All up sellers need to be quick off the mark with this pair and as soon as it stops – buy it back; those overnight rolls are killers.