DislikedI agree with your theories. And risk management is important. As I stated it was just a personal. All major economists would agree that the outlook for aud is down. Our mining boom is over etc. etc.Ignored
I see you come from different FX tribe,I understand your position.I was AUD bear two weeks ago myself.I would go back in your camp as soon as I see this pair bellow 0.71.
But keep in mind what was the wish of RBA : appropriate level for AUDUSD is 0.77.They've got quite decent overshoot here in my opinion.