I believe the Aud will keep going up, the question is when. In the near term its hard to predict where it will go, is it do for a correction or will it continue rising?
One thing for sure is the Aud is backed by the only country with any real growth aka China. Even with China's so called slow down they are still experiencing GDP of 7.4% !!!!!! Can you imagine if The US posted a GDP figure like that? I strongly believe in the long term the Aud is the way to go and if you can survive any pull backs holding ones longs will be well worth it in the future.
One thing for sure is the Aud is backed by the only country with any real growth aka China. Even with China's so called slow down they are still experiencing GDP of 7.4% !!!!!! Can you imagine if The US posted a GDP figure like that? I strongly believe in the long term the Aud is the way to go and if you can survive any pull backs holding ones longs will be well worth it in the future.