I have been tracking this market for a while now and in contrast with many of the aussie pairs, this one has been showing a increasing strength and optimism. As we stand we can either be in the middle of a developing complex correction or at the end of this and the beginning of a new search for higher prices. In any case the immediate implication for any of the aforementioned scenarios would be a thrust higher. This may all be wrong as well and we can instead have a deeper retracement but that is just a risk I am willing to take.