Quote:
Originally Posted by tdw
The South Pacific Peso (AKA AUD) is on a roller coaster. I still think it will level out eventually around USD.70 before climbing back toward parity. Unless the US economy completely shites itself my feeling is that around USD.90 to USD.95 is about it's natural level. Don't expect this to happen before mid '09. Problem with the Oz is that its an easily manipulated currency so expect volatility.
|
Tdw, $au is the best! It's trading through 0.655$us on a breakout through resistance and is following a consistent trend line, bouncing higher whenever it gets near it. Those productive $wom's are busy making lots of little $joeys! Go Australia!
