Australian dollar to the lows as King Dollar reigns

The Australian dollar is clearly testing downside support this afternoon in a bearish little descending triangle:

As DXY heads for the heavens approaching tonight’s US inflation number. EUR has broken down, CNY is at the verge:

King Dollar returns!


    • Maybe on some disappointing US news, and some positive China news…else, I’m not so sure…

      I’m going to wait for US news tonight, and see how the AUD responds; but, the Poo/Bob is having trouble holding 74 cents…

      My disclosure is that I recently bought some more USD so am hoping I bought correctly for once! đŸ˜‰

    • I reckon it’s all over for emerging markets. Turkey is about to bring the house down. The AUD will get caught up in it. Thats my prediction anyway.

    • When did it hit that – i am seeing a day low of 73.00

      Although as I type it is starting to race there anyway

  1. That was quick! I jinxed it. Looked and it was 72.89 one minute, back to 73.20 the next! WTF was that…