How low do you think the $AUD can go this year?

[advancebooking]

We are all hurting from falling currencies. Now equity markets are finally in correction territory thankfully. Ive been waiting ages for this. 

 

In relation to the AUD$... how low do you think it can go from here- in light of current events. Take a look at this historical viewpoint:

 

https://fxtop.com/en/historical-exchange-rates.php?A=1&C1=AUD&C2=USD&MA=1&YA=1&DD1=01&MM1=01&YYYY1=1953&B=1&P=&I=1&DD2=31&MM2=03&YYYY2=2020&btnOK=Go!

 

Interesting that 2008/2009 the minimum it dropped down to was the low 60's. In the tech crash of 2000 it was in the 50s range. 

 

Theres already talk of the RBA dropping rates again within 3 months but who knows. Whenever this happens the dollar goes down more

 

Do you think it will hit the 50s range. 

 

Buying U.S equities now (via an oz trading account) presents opportunities if buying now -and holding and if the AUD/USD decreases. If the aussie $ tanks more then the value of the portfolio increases with the $ going down. If it goes back up you lose big time. Its high risk investing of course. History has shown that the dollar could hit the 50s... What do you think?

[UbonThani]

Don't ask for currency advice on forums.

[jastheace]

why not? i'l; give 100 USD for 10000 of your AUSD if you like

USD always good , you know that

[advancebooking]

17 minutes ago, UbonThani said:

Don't ask for currency advice on forums.

I'll do what I want. How does that sound to you. post edit... not asking for advice

Edited March 9, 2020 by advancebooking
no reason

[jastheace]

Just now, advancebooking said:

I'll do what I want. How does that sound to you

sounds good !!!????

[ezzra]

 i found that over the years, using a crystal ball and tarot cards are most reliable source of predictions that has anything to do with our daily lives... 

[UbonThani]

52 minutes ago, advancebooking said:

I'll do what I want. How does that sound to you. post edit... not asking for advice

So you want randoms to tell you what currency moves will be and when it goes pear shaped they don't care.

Edited March 9, 2020 by UbonThani

[UbonThani]

54 minutes ago, advancebooking said:

not asking for advice

Then why the post?

 

 

[Peterw42]

Pick any pair of currencies at the moment, both currencies will be influenced by the world economic events, relative to each other there may not be any great change. Its not like there will be winners and losers.

Why not use $AU to buy AU shares and take the currency exchange out of the equation, or buy US shares and if/when you sell, keep the funds in $US. It seems overly complicated to be doing foreign exchange and equities, looking at the value of a US equity in $AU.

[Pravda]

You have been waiting ages? 

 

Very bad strategy as you could have made a ton of money. 

[Berkshire]

3 hours ago, pdtokyo said:

4 hours ago, UbonThani said:

Don't ask for currency advice on forums.

Advice: don't take currency advice on a forum

Free financial advice is worth exactly what you paid for it.

[Logosone]

 

It will hit 0.59098.

 

This is the low from October 2008. The Aussie Dollar should retest this low.

 

This is purely a technical analysis looking at the AUD USD chart.

 

Obviously news always trumps tech analysis.

 

Looking at fundamentals the AUD is still massively linked to China, it is a luxury currency, due to its gold silver and mining links, so while this coronavirus persists it is unlikely the AUD will take off big time again. However we will see a dead-cat-bounce, it may go up a little in the short term. Lower oil prices will eventually help China, and this will eventually help Australia. A massive up-rally of the AUD USD pair can be expected from July or so if coronavirus is under control by then world wide and in China.

 

 

[ianezy0]

Yep, it can go low.

Now my wife, hi low, say not know how so low can go

But her Sister, So Low, know it can go high not low!

Hope this helps!