Another correction can stretch down to 1.48 area - that's where the best buying opportunities may develop. Until then I'll be waiting mostly on the sidelines, with the exception of the 1.50-level, which may attract some buyers, The EUR is the strongest currency now, while the AUD - the weakest one, so the EUR/AUD's trend is up and pretty strong at that.
Hi, thank you for your comment. The correction is developing. The up trend will probably resume from a point in price that is much closer to some major prior low. The odds of success have somewhat tilted from long EURAUD to long GBPAUD, but buying dips in this pair should be fine as well.