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Veksler: Don't be fooled by the AUD bounce

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The bounce we've seen in the Aussie this Wednesday is little more than a mirage. So says London-based trader, Ken Veksler. After days of turbulence on the markets, Ken says we could soon touch the lows in AUDUSD we saw earlier in the week. 
Ken also looks at the opportunities in sterling against the dollar. He dismisses talk of another imminent interest rate cut in Australia and suggests the pound has more upside potential against the Aussie in the coming weeks. It does, of course, depend on the global situation and no more market shocks, notably from China.