The GBP needs to keep pace with the AUD on the positive data front, but if it can hang there's potential here for a solid upward move. I'm targeting: 1.68214 first and, second, if nothing fundamental shifts, 1.69283.
Price Target 1 -- Nailed it @ 1:00p.m. EST.
We have a nice divergence trade setting up now that the US debt/shutdown nonsense is over. There could always be one more pop at the Euro open, but I see that as an opportunity to get short. Target at least .98 likely in the low .97's before things settle.
The market is too unsure of itself right now re:US debt ceiling/shutdown. However, should those situations resolve themselves positively, I do think the $AUD is in line for a run to the price levels suggested here. I might start to build a long position around here.