I don’t see a major collapse happening in the AUD anytime soon, especially if the big Sovereign buyers are seen regularly on the bid. I’d expect to see a short-term range between .9700/.9880 and maybe even .9965 on a stretch. Medium term we should stay in a 700 pip range between .9500 and 1.0200 and I just don’t think that enough has changed in the AUD or the USD to drive it out of its range trading bias.