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Unfortunately for the AUD/USD it is tied in the Gold/USD battle and the USD seems to be winning out as the most stable currency in a very unstable world, even against Gold.I only watch the AUD/USD in relation to gold price so I may be biased.Americans see the ASX as a quarry and imo the AUD will only strengthen convincingly beyond 0.07000 if commodities increase substantially in value AND the USD falls due to other factors. gg
Unfortunately for the AUD/USD it is tied in the Gold/USD battle and the USD seems to be winning out as the most stable currency in a very unstable world, even against Gold.
I only watch the AUD/USD in relation to gold price so I may be biased.
Americans see the ASX as a quarry and imo the AUD will only strengthen convincingly beyond 0.07000 if commodities increase substantially in value AND the USD falls due to other factors.
gg
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