Goldman turns bearish on Australian dollar

Monday, 28 April 2014

This is from late last week but is worth repeating, Goldman’s technical analyst has turned bearish on the Australian dollar (from memory they have an 80 cents year end target) from ForexLive:

Goldman sachs technical analysis chart of the Australian dollar AUD/USD

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.