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July 10, 2013

Australian dollar seen at .9100 at the end of June 2014

by Cornelius Luca.

The Australian dollar fell approximately 14% against the U.S. dollar in less than three months amid concern of economic slowdown in China. AUD= is now struggling to create a base around the 38.2% Fibonacci retracement at .9153.

Aus dollar
Source: Thomson Reuters Eikon

Where does the market see the Aussie currency moving from here? The median price of some contributors’ forecasts for a year from now is a bit lower at .9100. Their individual forecasts follow different routes and they range from .8800 to 1.0200. What do you expect?


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