The Australian dollar has fallen as well, reaching toward the 50-day EMA, getting fairly close to an area where there seems to be a certain amount of demand for the Aussie dollar, so I would watch that.

The 50-day EMA has been somewhat reliable over the last week. We’ll see if that remains the case, because if so, it could be a short-term buying opportunity. I don’t have any interest in shorting the Aussie. It’s not even that I don’t like the US dollar, it’s just that the Reserve Bank of Australia has recently raised rates, and that’s something most banks aren’t doing.