The AUDUSD pair bounce from the lows during the session on Wednesday, showing that we still have plenty of support below and that the pressure should continue to break out and above the 0.95 handle.

If we can get above that level, this market should continue to go to the parity level, and as a result we think that would be a buy-and-hold type of situation, as well as a situation where if you are more interested in short-term trades, you can simply by the Australian dollar every time it dips.

Between now and then, the market should go sideways as we build more and more bullish pressure.

Equity investors/traders can use the Currency Shares Australian Dollar Trust (FXA, quote) ETF to take positions in the Aussie dollar without a FOREX account.  The ETF looks to track the price of the Aussie dollar (AUDUSD), minus ETF fee. The fund seeks to reflect the price of the Aussie dollar (AUDUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.

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