easter spi, page-58

Market rallied to BB resistance for the day.

I posted a chart a while back which suggested $A was only beginning its run.

Charts suggest a minimum of 90c and maybe even 93c for the next target.

Par with the US seems likely at some stage.

Hard to say when it kills our market. Hedging helps for a while but eventually the hedges are bought at an increasingly high price and in the long run the hedges hurt as the dollar declines with the hedges higher than spot.

Here is a basic weekly.