The AUD/USD managed to break through the important 0.6800/10 region i mentioned yesterday, making it all the way to 0.6942 overnight. Not a bad effort. I continue to believe that while we hold our head above the 0.6800 level we are set for a move back to 0.7275. The only concern i have is that the daily technical studies are a bit overbought, but given the current momentum of the AUD/USD i think it is worth taking advantage of dips.
The dip we are seeing now could be a great chance to add to longs. I think buying at 0.6830 and 0.6805 with a stop below 0.6750 is definitely worth a go.
