ozcutty2

Australian Dollar in the Buy Zone

Australia has the most over valued real estate in the world, values have only just started to decline. When the housing market crashes, Oz will be in a deep recession just like everyone else.
The economy is based around selling commodities to Japan and China and housing atm.
Both not looking too flash for the next few years at least.
The AUD is simply bouncing after being technically oversold, but fundamentals are against it in the medium term.
The Labour government has managed to obliterate the surplus in a few short months and will soon run a deficit.