AUD/USD closing in on yesterday’s high

By: Sean Lee

Since posting a new record high yesterday at 1.0947, the AUD/USD has been remarkably quiet and we ae now back threatening the high again.I've read yet another report from a macro hedge fund who are taking profits on long-term AUD long positions. Not sure what all these guys know, if anything. Perhaps it's simply a case of being satisfied with what they've made so far, although that is usually not the hedge fund way.