Another one of my favorite currencies. Besides the Euro (for stability) I like the Aussie a lot (for speculativon). Its a more speculative play and its quite volatile but I like the risk reward for the Aussie right now. Fundamentals support more upside for the Aussie since RBA (Reserve Bank of Australia) is still likely to push rates higher given that their inflation is still very high....

I see it bounce from a very important Fibonacci retracement level given the recent selling of carry trades. If you're long term like me I believe picking up Aussie at this level looks very attractive....