See the latest Australian dollar analysis here:
The Australian dollar’s recent leg down has pushed it below USD0.70 – that is, below the trough we forecast for this cycle. The global outlook has deteriorated sufficiently that it no longer provides a plausible cushion to the inevitable reduction in domestic rates. As such, we have lowered the trough in our forecast to USD0.65.
Before year end they say. I still agree its lower before its higher.