AUD Short: Aussis Dollar downtrend & Weakening Economy
Summary: Short, ccy is in a multi-months downtrend and for a 5 wave impulse with a target of sub $0.70
The Australian economy is weakening and has recently dropped its zero COVID policy.
During the first 2 years the Australia has racked up record government debt and is running large government budget deficits.
Increasing global volatility, especially with Chinese debt concerns , e.g. Evergrande, and multiple EU crises. A flight to USD will continue and the USD will strengthen.
The Australian economy is weakening and has recently dropped its zero COVID policy.
During the first 2 years the Australia has racked up record government debt and is running large government budget deficits.
Increasing global volatility, especially with Chinese debt concerns , e.g. Evergrande, and multiple EU crises. A flight to USD will continue and the USD will strengthen.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.