Hi Darrenyates,Lol. My recent quip was tongue in cheek, that...

Hi Darrenyates,

Lol. My recent quip was tongue in cheek, that based on the Fed reserve’s latest move, we’d see $1.50 first before $1.00, responding to fibonacci's $1.22 post. But ease up a bit. Your post is also nothing more than subjective opinion, and good luck to you. $0.80 is also a long way off, as is $1.22, but $1.22 is closer might I add.

I take notice of economic news, announcements, recent news…. make a comment or two… but then ultimately trade what happens, not what I think happens. Whether that is up or down is irrelevant. I have my own subjective opinions, and good luck to me too.

Of course importers/exporters etc might not think that, but that is also irrelevant. I would imagine 99.9% of people on here (and trading indices) would trade OTC and therefore not move the underlying one iota anyway, so we are hardly destroying our nation’s economic future by taking any position really.

Current views - and as with a recent post, I too am eyeing off the 1.0750 – 1.0770 region, and if that fails as resistance, then a new all-time high might not be too far away.

Now some objective facts:
Number of weeks finishing above $1.00 - 49 (since November 2010) that’s 49 out of the last 65 weeks.

Number of weeks where AUD spent a part of the week above $1 – 59 out of 65.

Above parity appears to be the new normal.


:)