More Aussie upsideAustralian Dollar vs US DollarBLUEBERRY:AUDUSDBlueberryThe Australian dollar continues to move higher against the US dollar after a decade of lacklustre returns. Renewed global tensions and rising US debt have once again brought reserve currency alternatives into focus. The Aussie ranks high on the list, supported by strong yield returns and exposure to rising commodity prices. We believe the Aussie is in the early stages of a prolonged bull run, similar to the period following the dot-com crash, when it rose from just under fifty cents and marched towards parity over a six-year period. For now, the key level remains the 200-day moving average, which needs to hold during any global uncertainty and cascading sell-off. If it does, it sets up a strong support base for a move towards the mid-70s against the US dollar, where it may then consolidate into year-end. The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.