PP, BHP bounced off its 61.8% fib again, and yes, you would think the $US would be losing its lustre by now.
But rightly or wrongly, it is stil seen as THE safe haven currency.
Some banks--NAB?-- are predicting the $AU to fall into the 50's US.
We will get the resourcs rally if and when the $AU starts to recover, when investors see through the myth of the $US, when the $AU is seen as no-risk, aided by the interest rate differential with the USA... when the dust settles and a little sanity prevails, IMO.
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Last
8,677.2 |
Change
9.000(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,668.2 | 8,714.6 | 8,652.6 |
| XJO (ASX) Chart |