AUD unknown

Fed government gave RBA $8b recently - looks like its to flood...

  1. LesPaul
    4,751 Posts.
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    30/12/13
    19:34
    Post #: 12751656
    Fed government gave RBA $8b recently - looks like its to flood the market and get the AUD v USD down. Competitive export and tourism stimulus etc etc maybe...

    Back in the 2009 GFC RBA stepped in at 0.60AUD, where do you think they'll want to put a floor this time?

    I'm no chartist but it looks to me to be 0.80 might be a solid level for AUD.

    What do others think?
    AUD Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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