The Greenback has received a strong safety bid this morning as would be expected considering the escalating events in the Middle East. However, when we look at it on the $A chart it hardly registers and we would be buyers of any further weakness.
- Short term the $A is a coin toss but we’re targeting strength through 2026/7 with the 75-76c area our initial target.
MM is bullish towards the $A around 70c
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