Well we must applaud the Aussie for showing some real strength against an overral declining Australian rate of growth, Chinese slowdown + depressed levels of commodities. However I think the spike will soon run out of steam, potential reverse from here to 0.77 and then fall back to minimum of 7.56. Possibly lower.
It would be good to see some confirmation from the MACD before selling though.
It would be good to see some confirmation from the MACD before selling though.
