Comments on: AUD/USD: Next stop .8050 https://fxww.com/audusd-next-stop-8050/ The Professional Source Wed, 05 Nov 2014 22:50:18 +0000 hourly 1 By: James https://fxww.com/audusd-next-stop-8050/#comment-120348 Wed, 05 Nov 2014 22:50:18 +0000 http://381c099c8f.nxcli.net/?p=14243#comment-120348 I think the AUDUSD is completing a multi month correction which will bottom sometime over the next few months in the low USD0.80s. The sell off from the mid 90s recently is the last leg in the correction.

Big picture the USD is in decline as a global currency just like our whole monetary system is due for a major reset that will probably see less tendency for the system to reflate every cycle with more debt. Commodities are likely to occupy an important role in such a financial system.

]]>