Heads I win, tails you lose on the Mighty Aussie
The only way to be able to claim a record of successful currency forecasting is to stick to a very wide band, so to suggest the Aussie is likely to trade between about US95¢ and US115¢ might be the way to go. Most forex forecasts are just extrapolations of whatever the latest trend might be. Thus there are plenty of suggestions that the Aussie’s current rally will continue.
Gotta say i kind of lean towards this view myself…
A view from Michael Pascoe in today’s Sydney Morning Herald