A quick look at the daily chart shows that the AUD/USD, once it gets started in a certain direction, likes to continue going that way and will only retrace occasionally when it becomes extremely overbought or oversold. The obvious target now is the bottom end of the weekly wedge near .9700 and based on recent history, I’d expect us to test that level in around 5 to 7 weeks; so plenty of trading opportunities in there as well.
