The Australian dollar has shown itself to be rather noisy, so at this point in time it looks as if we are still trying to figure out whether or not we can continue to go higher. There are a lot of concerns out there around the world, so that of course has an effect on riskier currencies such as the Aussie dollar. However, the Australian dollar also has a significant correlation to the Chinese economy, something that certainly helps at the moment. With that, I remain a bit more bullish than bearish, but I also recognize that the market probably needs to digest some of the gains that we have had recently, as the market went straight up in the air.


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