Heads I win, tails you lose on the Mighty Aussie

The only way to be able to claim a record of successful currency forecasting is to stick to a very wide band, so to suggest the Aussie is likely to trade between about US95¢ and US115¢ might be the way to go. Most forex forecasts are just extrapolations of whatever the latest trend might be. Thus there are plenty of suggestions that the Aussie’s current rally will continue.

Gotta say i kind of lean towards this view myself…

A view from Michael Pascoe in today’s Sydney Morning Herald

4 Comments

  1. Morning Pete, I respect wisdom. Nevertheless I should make some profit this week.

  2. I’m more leaning towards the 1.15 – 0.56 band scenario – if I want to be correct in the longer term.

  3. Thanks for the heads up. When it gets to 1.15 I’ll be more than ready to short it! I’m just sure what I’ll do in the meantime.

  4. Nice comment there, morning pete and Gerry

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