The Australian dollar is maybe the best, fundamentally situated currency in the market; and yet it has pulled back significantly from its highs for the year over the last few weeks. Actually , we would ascribe this retracement to a shift in market sense ; but that would contradict the new highs in equities and commodities. More than likely, it is mixture of both elements; and over the next two weeks we will know with a little more certainty what is driving the Aussie dollar and whether the currency will finally push forward to freshen its improvement in process trend or turn to a deep retracement.

Tags:  australian bullish Currency Dollar maybe process