AUD unknown

where to now aud/usd?

  1. 1,173 Posts.
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    Interesting times for the aussie battler.

    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.
 
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