Simple . There are a myriad of factors that support a movement such as the collapse in and the lack of confidence in the FED's . EUR and AUD are akin in the aspect that they are both fundamentally in precarious positions with expansionary on the lips of both Stevens and Draghi however, Euro bulls will be granted some respite in the next month or so and AUD will continue to be plagued by the deterioration of and China uncertainties. I believe this pair will create a at 1.46500 and then fall to it's doom.
Comment: I currently have long positions from 1.53200
Comment: Currently long on this pair
Comment: I'll say that's semi accurate