DislikedAUD weekly chart
Last nights price action has me convinced that the highs are in for the year and we will see 89 in the coming sessions.Ignored
We (in all liklihood) will see a move up towards .93 cent mark towards the end of this year and a new high early next year (if not this year).
on the downside, a clean break below 89 will open the possibilities towards .8760-80 area
AUD was at 87 without any interest rate rise so after 0.75% interest rate hike, if AUD falls back to that area, there ought to be something seriously wrong in world markets.