"That is a great question because I put this slide presentation together I believe on Friday, was it? Or Thursday of last week and since then just between Friday and today, it looks like the Aussie dollar is getting ready to blast off to the upside again. I am very bullish short term and long term on the Aussie dollar. That is another opportunity that should have been in this presentation; however, I did not see the action that we have today which is the Aussie coiling up for a big move to the upside, and it is very bullish.
The currency is looking very good because commodities are picking up and also geopolitically the Australian dollar is a relatively safe currency to invest in. It is a politically neutral country. It is not involved in the Middle East. It is not involved in Eastern Europe. It is really not in tune with the war cycles. It is kind of marching to its own drum beat. It does have a close tie with China and China, as we know, is duking it out with Japan and many other countries in Southeast Asia over the Senkaku and Spratly Islands.
But Australia shied away from that disagreement, so the Australian dollar is sort of becoming the Swiss franc, if you will, of the geopolitical world today because it is a continent that is politically neutral.
So fundamentally the Aussie is looking great and technically and cyclically it is looking great. So please keep your eye out for another long trade in the Aussie coming up pretty soon as well."
