This time from Bloomberg (here’s my other post about the article in Reuters where hedge funds are calling for the aussie to slide):
The Australian dollar may fall to its lowest level in more than 19 months if it continues a weakening trend and breaches a key support level, according to Credit Suisse AG, citing technical indicators.
- looking for 0.9388 if it falls below 0.9575 and then 0.9488
- Says an upward correction first would cap at 0.9990
