AUDSGD - Aussie is going to tank to 70c SGDThe big trade everyone is talking about at the moment is the AUDCAD but I think this could be a nice little winner. I love finding odd inflection points which to hang my trend lines off because when they’re right you can predict things out by years.
So using the same method to draw a trend line that my poorly drawn red circles give me, the pink ones paint a gruesome picture. If the current green trend line holds and the price cant keep above it expect the AUD to collapse against the SGD. The failure of the 20 to cross the 50 backs this up, plus to woeful state of the Aussie economy backs this up on the macro side.
If you couldn’t guess the yellow circle is my target.
