I think a bounce coming at least to 0.853. The Australian central bank chief Glenn Stevens says the local dollar is likely to drop toward 75 U.S. cents. The currency’s best forecaster agrees. HSBC Holdings Plc sees the Aussie sliding to 78 cents by the end of 2015, the weakest since 2009, from 82.75 at 5 p.m. Dec. 12 in Sydney, as cooling growth in China weighs on prices for Australia’s biggest resource exports.
They can say whatever they want, but i follow the channel with some cushion for surprises especially around the upper and lower trendline.
Currently AUD is in this mid-term downtrend line, which is why EURAUD is shooting up like MAD
Sound like we are back to 1998, Currency War again :-)