Monthly chart certainly starting to look interesting. That 1.1 target looks reasonably imminent (within weeks?). Perhaps the Aussie election will provide the necessary impetus? Moreover, RBA has held off for now, but when they start to move (surely inevitable?) some serious catching up will need to occur.
If & once that level is cleared, then 1.13 will be the the next stop, in quick order IMO.
Intriguing how over the last 25+ years parity has only been kissed 3 times (all in just the last 7 years). Remember too that just 11 years ago (post GFC) a double top at 1.36 !
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