- GBP/USD: After a healthy retracement, cable will find a base somewhere near the mid-1.60s and re-commence its bull run towards 1.80 as the year progresses. I’d be very surprised if we see levels below 1.6400 so any 150/200 pip dips from here will offer perfect entry levels imho.
- AUD/USD: There is a whole industry out there made up of bearish AUD/USD analysts! Pretty much the same analysts who were super bullish at 1.06! I’m quite sure that the USD will turn bearish again and that we will not see levels sub-.9000 for some time to come.
- USD/CAD: Another market that simply smells over-bought and there are too many getting long and bullish at levels close to 1.10. We’ll get these cheaper in coming months.
I simply cannot buy into the argument that US rates will rise faster than UK, AUD or CAD and I’ve yet to see any signs that the US economy can thrive without the constant stimulus.