A major US currency fund which publishes a market newsletter has put out a very bearish piece on AUD. They think we may see some strength in the very near-term but see a decline to 0.7900 in the months to come and possibly much lower.
These guys have deep pockets and long time horizons, so unless you have the same, take their view with a grain of salt.
AUD trades now at 0.8677.
