Ok, a slight exaggeration, but it certainly feels like it sometimes. The AUD has been super strong against the USD, EUR and GBP for some time and now it has broken major trend resistance against the NZD. The previous high had been 1.2840 and the market opened above there this morning. With the strong demand for commodities showing little sign of easing and with Australian interest rates at very attractive levels and likely to rise further, it is little wonder that the AUD is so strong. The short term market looks to be extremely overbought so there is the possibility of a pullback but levels around .8900 in the AUD/USD should provide very solid support.