The AUD rallied again during the session on Wednesday, showing that there is a significant amount of momentum trading. However, the Aussie is running into major resistance just above.
The AUD is a currency that is trying to test a pervious support level, which now is likely to offer resistance.
The Aussie continues to be very noisy, but at this point I think a lot of what we are seeing is a market that is trying to find its footing more than anything else.