I know it’s rather unscientific but the AUD/USD market still ‘smells’ very short to me and more topside is likely. There will of course be pull-backs but the fact that we’ve closed above .9350 suggests to me that the most immediate danger is top-side.
I’m looking to re-instate longs on any dips back towards .9300 and I see nothing stopping us having a full retrace now back to .9750.