don't be surprised if we get a retracement from this small rally we've had and dumb money keeps shorting it on the way down and then we get a decent rally
http://www.macrobusiness.com.au/2015/10/short-term-upside-for-australian-dollar/ This is pretty much in line with my thoughts, however I think there is bigger upside than 72 cents in the short term as the banks weren't really selling into this really we just had.
Shorting all over the various markets really. The whole energy sector debacle was mesmerizing to watch. Santos shares were more than 10% shorted! And have since gained back more than 20% of the bottom price in a matter of 2 days really..... Just astounding to watch
next important levels I think are 0.7420 then 0.7600 to 0.7620, lets see where the market closes for the weekend