Looking at .7561 by December after FED announcement. Check out...

Looking at .7561 by December after FED announcement. Check out the tanking of the nickel price.
The overseas FOREX guys have had fun, and made some money from the Aussie Dollar.

Now they are going to dump it, and move on to the next play. RBA will probably cut too by years end,
so we could see under .74 by early 2017. Saw one futures contract under .70.

And now for my protentionist diatribe, about the country I love, and why FREE TRADE agreements suck.

This is indicative of CHINA, and others, like Mexico etc. Mexico GDP bigger than China.
The USA has placed huge infrastructure in Mexico for various reasons. Ask TRUMP about it.

The product is made in Mexico, sent to the USA, rebadged, and then exported. I have actually unloaded containers of product made in Mexico, India, China etc., that are badged as trusted AUSTRALIAN names. FREE TRADE????

Remember when you bought something made in AUSTRALIA, and it lasted 20 years?

Having 1,000 's of items returned in the space of a few months, some even set fire to houses, only to be sent to
the SMART country AUSTRALIA, to be fixed, or dumped. FAIR TRADE????

Australia used to have the skills, ability, and industry to have product that was in demand. Let's do that again.
NO MORE FREETRADE rubbish. When I came back from the USA in 1970, could not believe how strong the
Australian economy was. NO FREE TRADE THEN. The economy was so fluid, now we are frozen.

AUD$ floated, Keating gave us the "recession we had to have", probably when listening to BRAHMS and LITZ,
and now we have no control over our economy or CURRENCY. The AUD is not just a commodity to be traded,
it affects many lives in many ways, and we need to take back control of economy, and currency.

This country is the best in the world because, it was built by people with committment. Immigrants from all over the world, came to Australia for a better life. They made this country great, and having worked with immigrants
from ASIA, EUROPE, AFRICA, their hard efforts are replaced by 457 workers, because of FREE TRADE!!!!!

I was born in Australia, and have many friends who have come to Australia for a better life. Now they worry.
They have lost their jobs from regimes that previously made their lives miserable, because of freetrade.

Arahopos Scott Morrison radio interview, and our illustrious leader TV performances today. LOST.
An American commentator on the ABC today, moreoreless, stated we are being raped by China and USA.
FREETRADE agreements with ASIA, defence alliance with USA. Being used by way of BEING A BIG BOY!

24 million versus 370 million versus 1.7 billion. Let's see who can make us great again......mmmmmmm.
DICK SMITH, he's the man! AUSSIE AUSSIE.. oops OZE OZE OZE. Dick Smith for PM and treasurer.

Bottomline is, the AUD$ is about to slide in a FIBANACCI scale, and the charts show phase 1 has commenced.
Should bounce back in July 2017, and move higher towards early 2018.
I do not hold any contracts in the AUD$, but will take a position in 2017.