1) It offers a good interest rate against all other g7 currencies.
2) The new governor at the RBA seems to be more on the economy and at the next meeting (tonight) we will find out if he is thinking about further rate cuts.
3) The Fed is going to raise rates, Yellen made it as clear as possible, and that is already taken into account.
The technical picture is clear, and it is . Three patterns, all calling for higher prices. Price is above value, and the impulse is green/blue on the .
I currently run a long position on this pair opened a couple weeks ago. Hopefully, tonight, governor Lowe wont ruin my trade.