Maximum for all time of free oscillations, set on Thursday at 1.08 again now is not too far off. Over the past few days buying Aussie were very high, especially from Asian and Middle Eastern countries, which remain extremely interested in diversifying from the dollar as quickly as possible. Spurred by strong corporate reporting and impressive data on growth in Europe and Asia, risk appetite continues to grow, providing new highs in precious metals and rising demand for growth stocks. Former Australian Prime Minister Rudd, only fueled strength of bulls, making it clear that Australia is far from thinking about intervention, preventing the growth of the currency. In addition to demand from Asian and Middle East and investor demand for risky assets, Aussie continues to attract attention from the players Kerry trade and hedge fund managers who hold impressive positions now. Over the past five weeks, AUD / JPY soared by an impressive 15%. As often happens with the Aussie, the potential for unexpected disappointment in the currency and the subsequent collapse over time become more and more real risk. This is especially noticeable now, as long positions in Aussie so numerous and widespread feeling prevails that there is nothing for that currency can not go wrong. Also, the Australian dollar is now very overrated. Bulls are definitely buying Aussie, but the Bears can now simply watch from the sidelines.
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