looks like glenn stevens jawboning the dollar down today, coming out at 1pm and saying rates are ok where they are(!). the GBP/AUD has been making a beautuful basing pattern and looks like its going to fill the large gap at 1.70 on Feb 28, while I cant help but thinking the AUD/USD has topped out and the last weeks action - which appear to be a breakout from a trendline from the all tim high in july 08 is - it in fact a fakout. time will tell i guess.
