My analysis for AUD resembles with this analysis.
USD, EUR, JPY, GBP, AUD: Outlooks For The Coming Week - Morgan Stanley
USD: Cautious Correction. Bullish. We now expect a tactical correction in the USD strength, before a resumption of the bullish trend. We expect some profit-taking on long USD positions, especially as positioning is somewhat stretched. That said, we think we are only halfway through the USD bull cycle, and expect the uptrend to resume after a few weeks. EUR: A Tentative Pause. Bearish. We believe EUR could see something of a correction, as positioning is stretched and data have improved somewhat. Signs of reflation and green shoots in the region should support the currency. The main risk for EUR is Greece, where the ... (full story)