the yanks can do as they please cos their debt is in funny money greenbacks ... thats been the MATRIX since 1971. But problem is, so is OURS ... and we cant print THEIR funny money as they do ... so AUD will be like a cork popping around in the perfect storm ... tho suspect that L/T horizontal Pacific Peso support line is now a strong magnet and u know how I fear third attempts at such ........ like BHP's coming retest of the 24 line.
Technically AUD/BHP's fortunes are LINKED cos the hedgies play BHP as an AUD play as well and same time Oz economic fundamentals are deteriorating. 'Course realistically BHP would thrive on a lower AUD but reality aint an issue atm .... and BHP's earnings next year are gonna be pulp fiction without a lower AUD to soften the blow. Incestuous relationship with the RBA providing the helping hand ... for our whole XRA.
IMBOOC
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