Will the housing bubble in Down Under makes the A$ stronger?

There are many countries that we know and have heard for years there is a housing bubble. Canada, London, Australia, China, Hong Kong,etc. The price keeps on climbing despite all odds. With the Fed going to hike interest rates soon, would Australia with variable mortgage interest suffer and liquidate their excess properties ?

What's the implication to the Aussie dollar then? Note that Housing is about 11% of Australia GDP, more than mining and the services industry, so this is an industry to watch out for.

We are watching for short opportunity.

Comment:

a classic example of breaking out of the base support of a Cup & Handle pattern. be careful it is genuine breakout and not a false alarm.