According to RBA official Christopher Kent, the doesn't exclude to intervene. This comes after the RBA commented on the overvaluation of the Aussie recently which is . The countercurrency (USD) though currently in a correction is in a strong due to speculations over an imminent rate hike upcoming for 2015.
The price is now approaching a strong materialized by an unfilled gap, the approach/test of the 200 periods in an already (see higher time frames) and the oscillator comes in confirmation being deeply overbought (upside potential limited and probably signaling the start of a reversal).
Trade setup: See chart
Entered short at 0.8760 (short entry still valid above 0. 8750 )
SL at 0.887
TP 1: 0.8650 or for longer term riders TP2: 0.8381 further continuation remains probable