Just going to put this out there;
The Chinese government is working on their next 5 year plan now, and soon now the details of that will emerge, if the market believes it will be strong enough to sustain Chinese growth, that might be the trigger needed for AUD to bread the 0.735 mark.
Not saying it's a certainty, just that IF the plan seems strong enough to give the market a lift in confidence for all things China, that will have the most dramatic impact on the AUD in terms of the coming few months (assuming Fed & RBA both continue to hold).
So all in all, this week and the next, there will be a lot of data and a lot of policy announcement, so I suspect we will see much volatility, and hopefully the current range will finally be broken one way or the other.
The Chinese government is working on their next 5 year plan now, and soon now the details of that will emerge, if the market believes it will be strong enough to sustain Chinese growth, that might be the trigger needed for AUD to bread the 0.735 mark.
Not saying it's a certainty, just that IF the plan seems strong enough to give the market a lift in confidence for all things China, that will have the most dramatic impact on the AUD in terms of the coming few months (assuming Fed & RBA both continue to hold).
So all in all, this week and the next, there will be a lot of data and a lot of policy announcement, so I suspect we will see much volatility, and hopefully the current range will finally be broken one way or the other.