Posts by "nicky"

Hi Ashraf and all the other gurus, aussie has been range trading for the past 3 days, even though euro and pound are continually dropping. Personally, I am very bearish for aussie, since aussie is a very overvalued currency. From ashraf's IMT, he has mentioned that aussie has a medium term target of 0.8750 at the end of quarter, however there has been speculation about RBA that it is going to continue to raise interest rate backed up by the new job growth and steady unemployment of 5.4%. So are we going to expect a retracement from the 0.8870 recent low? How high will the aussie go before it finally will drop like euro and pound.

Thank you