Hate to rub it in 🙂 but the place to buy AUD/USD was at .9025 a few weeks ago and not to be chasing it higher towards 95 cents. Don’t get me wrong, I still think we have put a major low in place and we go higher in the medium term but for now, the short-term market feels overbought to me. I will sit on the sidelines and wait for some decent dips.
There is modest resistance nearby at .8425/30 and this should attract some profit takers in quiet markets ahead of the RBA minutes.