AUD USD unstoppable - maybe to 0.80

So the channel is there, actually I have it clearer in other charts I cant share, but that channel can only be Break by a suprise (say tomorrow when Yellen speaks, though I doubt it) or CPI being frigging positive for once (i mean above expectations)

AUD seems to be the SHORT choice for many since 2014... for some reason which I believe is related to

1) China
2) Iron ore
3) Aussie negative outlook

Of course 2014 was the weak one to pick at, but let's analyse 2016. Every time there was an ocean of analyst predicting a 0.65 , 0.60 AUD USD exchange rate....well... excuse me??? (clearing throat) it is (clearing again) at almost 0.77 . They couldn't be wronger...could they?

So China is doing ok, nothing major (ups and downs) unless a biggie it does not affect AUD much lately
Iron ore went down as hell and yet AUD couldnt make lower lows (all higher lows on higher frames) but Iron ore definitely moves the Aussie
Aussies are always predicting DOOMs day,...been there for 10 yrs...is amazing how they fail to see they leave in Paradise on earth

So, yes it could still go down because the market does not care about what i think...it does what it does,...but WHY WOULD MAKE IT GO DOWN? I can't tell there is a sign out there

Comment:

Ok, so the channel was not a channel, the direction still LONG as per the idea

Hope you made some money