Nobody is too sure yet where the buying is coming from but the AUD/USD has popped up from .6500 to .6530 in the last few minutes. I’m hearing also that the strong investment fund offers at .6660/70 are still live so if we get an exhaustive spike today towards those lofty levels, it might be worth selling at that level if it stalls with a tight stop above .6700. Just for a day-trade of course.
I still expect to see the AUD start to make significant gains in the medium term, especially against the European currencies.
