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, I am thinking about leveraging into the Oz market (converting my US$ back to A$) and riding the A$ as it comes back up

Why would you think that it's going to come back up ??
It's not that the Oz dollar or any other currency around at the moment is down - it's that the US dollar is UP - and that's the way it's gonna stay for quite a while.
Where it's at is where it's at !!
Keep your green where you are and only when there are positive signs for a change should you consider repatriating it.
Just my $0.02c

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