Much of the movements in the AUD can be attributed to other...

Much of the movements in the AUD can be attributed to other pairs the main one being the EUR/USD which is a pair I mainly trade as you can do well when you follow it's momentum. The AUD in my experience is difficult to trade due to it's choppy nature and factors in commidities and their prices often controlling some of the price action.

The currency market looks like turning back to fundamentals and that is based on interest rates and economic data. I prefer to trade around these annoucements as you can get in on a trend and keep adding, very profitable but timing is of essence.

Current prediction is for the EUR to keep increasing in value over the next two-three weeks with a move down as ECB looks to cut rates as economic conditions in EURO land looks bleak, worse maybe than the US. EUROpean banks have big exposure to emerging economies debt.