I will probably wait for the to hit its own trend resistance before going on short as it may just continue to rally a bit further just before RBA Rate Decision on Tuesday morning. The technicals and fundamentals of this trade seems to line up correctly and this may just be a great shorting opportunity so Im thinking of getting in a bit earlier with a good money management. Stay tuned.
Just check this out
If not then I will reconsider the possibilites of a USD rally against the AUD due to the FED announcements in the summer. I am just providing information on what I see in the charts and I am prepared to take a loss with this trade as I believe this to be a learning curve.