DislikedI survived the spike up yesterday, added more shorts instead above .72. I agree with dab and i will be cautious being too overly long on this pair. You may ask why? 1) China isn't in good shape and won't be anytime soon 2) Commodities are likely to stay low 3) USD will strengthen after the dust settle, as long as FED is looking forward to a rate hike, USD will strengthen until FED really hike than will it weaken (initially) That's my humble opinionIgnored
It's now dropped down to around .719. Do you think the Aud could hold around this area? A lot of Australian banks altered their prediction of the Aud at the end of the year sitting around .66 or .67, originally they predicted higher.
Ideally, I'd be interested in knowing if you could predict where the Aud could sit in early november, as I am heading to the US for a holiday, from Australia for a few weeks. No wrong answers, any prediction would be greatly appreciated!