The headline says it all, while the AUD/USD remains above the 0.6280/00 region it has the potential to head back to 0.7500, below that region and its back to 0.6000 here we come. The daily and weekly AUD/USD charts will give you an idea of how important this region is.
The AUD/USD has a lot of positives including the interest rate differential and all this demand for our mining and resource companies coming out of China, but unfortunately while the Equity markets continue to get hammered around the globe there will continue to be a move away from the risk currencies and into JPY and probably also precious metals.
In saying that, i would still be looking to buy the AUD/USD at 0.6350 with a stop below 0.6280.