I went long the AUDUSD pair last night with the same intent to build a longer term position in it. My belief is that this pair will go to parity with the USD this year or early 2009. I'm still long EURUSD and sitting on a nice profit; I'll be adding to it on pullbacks, which it looks like might be today.
For all my neural net aficionados, the trend remains up for both these pairs.
Here's the current score:
- EURUSD +124 pips
- AUDUSD +7 pips