Will be interesting to see if 7670 was the end of the road for AUD and we tank hard from here to take out the january lows at 68s
Not my gut feels, pure technicals: very likely we will break 74s which will mean a retracement down to 72s. Could keep heading down to eventually retest the 68s lows
If Karen Hudes is to be believed the USA is in interregnum and seeking a smooth transition to a currency reset ... https://twitter.com/KarenHudes
If the US has a currency reset what will that do to their monumental debt? Won't it make that debt worse and go more in the red?
To keep printing more dollars and faking their position as the world reserve currency at everyone elses expense is less palatable ...