Dólar Australiano/Dólar Americano
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AUD Short: Aussis Dollar downtrend & Weakening Economy

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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.



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