AUD/NZD might be worth some consideration, perhaps looking for a buying opportunity near 1.2450, but otherwise I’m having difficulty in finding any value trades with the AUD. Against the USD, it looks to be stuck in a holding range between 1.0450/1.0600. Most reports suggest that real money and Sovereign buyers will keep it tracking higher but, sorry, I just can’t get bullish at 1.0500! I’ll wait until the bulls are exhausted (even if it takes months!) and then look for selling opportunities.
