I think Europe will have another serious go at the topside in AUD/USD when they get started in the next hour or so. We are currently sitting 10 pips off intraday highs and the pair is having trouble sustaining any dips, so if some more serious short-covering emerges then we could see the Aussie go on another sharp rally. No word yet on where the big orders are but I should get some info in the next hour.