Alex Joyner from Faraday Research is looking at AUDUSD and explains his bullish position: "Over the last week or so the Aussie has started to gain a bit more upside traction and we have a bullish outlook for the next week." Alex believes a correction is "increasingly likely" and is looking to exploit potential USD weakness.
Here’s what Saxo Bank’s Head of FX Strategy John Hardy said earlier today: “The Australian dollar has been very stable and strong lately, with dominant themes including NZD weakness and extremely low global rates amid strong risk appetite. The Reserve Bank of Australia meeting is scheduled for tonight and will certainly have a bearing, especially if RBA governor Glenn Stevens doesn’t maintain his neutral current stance (though it´s hard to see what would change that for now). The currency may be susceptible to weakness if we see strong US data this week and interest rate anticipation ticking higher.”