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Anecdotally we are starting to see some of the larger macro funds get positioned for a turn in Aussie rates/FX. Perhaps the market is already priced and the RBA is chasing a ghost?? I'm not smart enough to know, but maybe unloadmymind could weigh in....

Spoken like a true trader. Unloadmymind, I sit next to guys who deal FX in yards intra-day and one common trait they all have is humility and respect for the absolute fisting the market can give you just when you think you've made it. Besides you lost all credibility when you gave weight...