Another one of my favorite currencies. Besides the Euro (for stability) I like the Aussie a lot (for speculativon). Its a more speculative play and its quite volatile but I like the risk reward for the Aussie right now. Fundamentals support more upside for the Aussie since RBA (Reserve Bank of Australia) is still likely to push rates higher given that their inflation is still very high....

I see it bounce from a very important Fibonacci retracement level given the recent selling of carry trades. If you're long term like me I believe picking up Aussie at this level looks very attractive....

im still biased on this to the downside... , although it indeed bounced my indicator didn't confirmed a good retracement ( macd also indicating a divergence )... , anyways im positioning a swing trade probably if .618 retrace (.8335) and it holds or somewhere around .8160.... sorry na lang ako kung maiwan

That's ok we can't all think the same now can we.... If the Fed does continue to cut rates and USD keeps on falling and the RBA does hike rates then I see parity by Q2 next year.

yep so true ... although im not a funda guy so i dont care much on rates and stuff....

QUOTE:
That's ok we can't all think the same now can we.... If the Fed does continue to cut rates and USD keeps on falling and the RBA does hike rates then I see parity by Q2 next year.

I have to admit I am so dead wrong in Aussie. I did buy some at 0.8875 and now ipit ako I guess I will just enjoy the higher interest rates as a consolation price But I guess the rising Euro (I am heavier in Euro around 6/8 of my portfolio, Aussie 1/8 and USD 1/ 8 which I also want to change into Euro) has definitely limit the impact on the falling Aussie in my portfolio....

AUD being pulled down by unwinding of carry trade which doesn't affect the EUR much. How long before you consider also converting it to EUR?