I'd buy the Australian dollar next week. The data could continue to be stronger, which will generate a rally.

From a technical perspective the Australian dollar has failed to break 75.80 cents, which would have otherwise signaled the end of its downward trend. The Australian dollar's downward trend is still in place.

The move in the interest rate market is giving some underlying support to the Australian dollar.

There will be less reasons for the Reserve Bank to hike and less reasons to support the Australian dollar. We'll finish the week lower.

There's a risk the statement will be watered down. This will be negative for interest rates, the yield gap will narrow further, and the Australian dollar will go down.

The Australian dollar's downward trend is still in place. From a technical perspective, the Australian dollar has failed to break 75.80 cents, which would have otherwise signaled the end of its downward trend.

The Australian dollar could head higher this week. The CPI will be on the strong side, so we might get some interest rate-expectations creep in.

This is a very favorable environment for the Australian dollar. The rate hike has come earlier than many in the market expected.

The Chinese growth rate in the first quarter was stronger than expected. The resulting demand has pushed up commodity prices, which supports the Australian dollar.