Playing out nicely DA.
Hopefully this is the start of a long term downtrend in the AUD and NZD.
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Playing out nicely DA.
Hopefully this is the start of a long term downtrend in the AUD and NZD.
it's on the way to 0.90
According to following links AUD can go down further. Suddenly some analysts including bank economists also have become bearish on AUD. AUD dollar has entered a multi-year bear cycle and the dollar(USD) has entered a multi-year bull cycle. However there can be dead cat bounce for AUD time to time. Intermediate trend for AUD is down now.
http://www.smh.com.au/business/markets/no-respite-for-the-aussie-dollar-20130614-2o7uw.html
No respite for the Aussie dollar
http://www.thebull.com.au/premium/a/...ie-dollar.html
4 Reasons To Bet On A Lower Aussie Dollar
http://www.businessspectator.com.au/...94c-late-trade
Australian dollar slides under US94c in late trade
My ideas are not a recommendation to either buy or sell any security orcurrency. Please do your own research prior to making any investment decisions.Please note that I do not endorse or take responsibility for material in theabove hyper-linked sites.
http://www.guardian.co.uk/world/2013...r-33-month-low
Australian dollar hits 33-month low
The local currency is being sold heavily as the US central bank prepares to wind down its stimulus program
http://www.theaustralian.com.au/busi...-1226673721252
Australian dollar hits Sept 2010 low on talk of more RBA rate cuts
I consider both NZD and AUD two of the extremely overvalue currencies in the world. Still I maintain my bearish on these two currencies. On the other hand USD is undervalued now. They may depreciate at least 40% against USD during next two years.
Please see following links on AUD.
http://www.bloomberg.com/video/look-...1efq_IVYQ.html
Look to `Short' Aussie for 2014: FXPrimus
http://www.bloomberg.com/news/2013-1...fed-taper.html
Aussie Dollar Set for Biggest Yearly Drop Since ’08 on Fed Taper
http://www.bloomberg.com/video/austr...iMYf19Osg.html
Australian Dollar Long-Term Trend Clearly Downwards
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked sites.
http://www.fxstreet.com/news/forex-n...9-6b78f5f22791
Plenty of risk for AUD/USD today - Westpac
I think AUD could go below 60 cents.
http://www.abc.net.au/news/2014-09-1...-cents/5756598
Australian dollar could fall to 73 US cents: analysts
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked site.
http://www.forexlive.com/blog/2015/0...rs-huge-level/
Australian dollar slumps in late trading, nears huge level
http://www.smh.com.au/business/marke...16-12rryo.html
Australian dollar could fall through US70¢: Blackrock
http://www.theguardian.com/business/...mic-turbulence
Australiandollar falls to new six-year low amid economic turbulence
http://www.macrobusiness.com.au/2016...g-to-40-cents/
BT: Australian dollar going to 40 cents
https://www.fxstreet.com/news/aud-us...b-201611111049
AUD/USD bearish below 0.7550 – UOB