Aussie dollar to drop below 66c - "benign" collapse ahead

Discussion in 'Currencies' started by SpacePete, Sep 11, 2014.

  1. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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  2. aleks

    aleks Well-Known Member Silver Stacker

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    I would not want to be shorting AUD at the moment it looks like it really does not want to go down, I wouldn't be surprised if it heads back to the highs of april at 78 cents
     
  3. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    Over 76 cents again and markets appear to expect a 0.25 point cut from the RBA in 20 days (over 50% chance)

    Wonder if the market is pricing in a cut?
     
  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Yeah, the RBA will not like this level of AUD strength!
     
  5. SilverDJ

    SilverDJ Well-Known Member

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    I'm still waiting for this "benign collapse" :rolleyes:
     
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  6. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    It did drop below 69c at one point, but then the rest of the world started collapsing faster than Australia.
     
  7. aleks

    aleks Well-Known Member Silver Stacker

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    AUD is looking like it's preparing to make a big move higher, 68 cents could have been a long term bottom
     
  8. Davros10

    Davros10 Active Member Silver Stacker

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    I'm betting on a move down to around 71c in the next 6 months or so.
     
  9. aleks

    aleks Well-Known Member Silver Stacker

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    Well I'm kinda stating the obvious that 68 was a long term low in january 2016. A year and a half is already a long term in my book but what I'm really referring too is a break above 77 to 78 cents that will stick for a while, AUDNZD looks like put in a medium-term bottom as well.
     
  10. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Just so long as it doesn't end up like this 'PONZI'.

    1,000,000,000 PONZIES.JPG
     
  11. aleks

    aleks Well-Known Member Silver Stacker

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    [​IMG]
    I am anticipating these highs get taken out as upside targets.
     
  12. aleks

    aleks Well-Known Member Silver Stacker

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    Live broadcast of AUDUSD right now:

    [​IMG]
     
  13. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Must be costing you a bit of fuel there @aleks

    p.s. I hope Silver Stackers website is not paying for it Lol, _JLG.
     
  14. REDBACK

    REDBACK Well-Known Member Silver Stacker

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    Need 3 people to give me 2-1 odds
    I'll go the AUD to be below 70c by june 30th 2018
    My end 1 ounce of silver
    Your end 2 ounces of silver
    Just a bet for fun :)

    REDBACK
     
  15. tolly_67

    tolly_67 Well-Known Member

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    al
     
  16. tolly_67

    tolly_67 Well-Known Member

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    I meant to write that time has shown that aleks seems to have a good grip on currency movements. Let me know when the low is in on the U.S. dollar aleks. I believe that is when things will start to happen, one way or another.
     
  17. aleks

    aleks Well-Known Member Silver Stacker

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    Usd has been going down for 5 months straight, I've got no read on the markets at the moment. For what its worth I only really focus what the markets are doing in the next few days and week or two tops. Lets see what US payrolls tonight and the aftermath next week brings.
     
  18. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "Usd has been going down for 5 months straight,"

    Jim Willie's prediction of a local U.S. Dollar, (which will be devalued several times down to virtually nothing), and an export, - or international Dollar (backed by something substantial) for trade seems to be a real possibility, otherwise The U.S. will will not be able to compete with others for goods once the 'One Belt, One Road' crowd get organised. _JLG.
     
  19. alor

    alor Well-Known Member Silver Stacker

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  20. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Exact opposites. just like in the good old days... Dollar goes up, Gold goes down.
    INVERT.JPG
     

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