With China now attempting to reign in too excessive growth which would only lead to a disastrous "pop!" - coupled with the strengthening signals coming out of the US (5.7% GDP growth last qtr), will this be the start (or is this already the start) of a downtrend in the AUD/USD?
If so, what are the targets?
On the flipside, if China et al controls it's growth, the US ticks along well, pulling the goods out of China - then will the AUD continue its climb to parity?
I favour a medium term pullback to high 70'c, then back up and running to settle around low 90's for a sustained period.
I guess there are so many macro factors involved, would appreciate some other posters opinions.
AUD Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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