In my opinion that AUD/USD global macro trend is down trending as I quoted before driven by the declining economic performance of the Asian economic block and the strengthening of the American economic block. Therefore, to my opinion the position for AUD/USD shall always be “short/sell”. Although carry trading practitioners may look for both interest rate differential plus appreciation of the AUD (short-term profit making) but it is at risk to follow to long. AUD/USD. Therefore, always “short/sell” carry the lesser risk rather than always “long/buy”. Just an idea.

Any thoughts on the EURAUD, i’m kinda with you on the AUD counter trend but i do feel that this pair may have a lot more downside potential with rumblings coming from europe again and with FOMC done, the focus could shift back to eurozone problems really quickly and technically the inverse head and shoulders seems to have run it’s course.

If 9250 holds this fall and the Aussie starts to bounce, what should be your target for the bounce? AUD looks very ugly now.