Some petty big calls here. Technically, gold could fall any amount, and the AUD could rise to any amount, but a strong AUD rise, with it's reliance on China, weak probable demand from China, and an economy that has not had a recession since 2001-2002, a situation bought by high budget deficits from 2008-2018, I don't see AUD/USD parity any time soon. if you are fixating on the GFC and it's aftermath, you are not accounting for the broader mineral complex boom from 2008, or that aust then had the borrowing capacity to prop its economy up.
foreign exchange risk, page-26
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