Kenneth Tower, CEO & Chief Investment Strategist of Quantitative Analysis Service, Inc. (QAS) announced to clients on July 7, 2016 that the Australian Dollar (AUDUSD) Completes Major Low!
QAS Alert - Australian Dollar (AUDUSD) Completes Major Low!
*A$ likely to extend its 2016 gains.
*After consolidating the sharp initial gains from the January 2016 low our Weekly data is turning back up suggesting an end to a five year decline.
*Target 0.93 (Aug 2014 level).
*This is part of what we see as a large top in the US$ and is related to a major low in Commodities and major macro shift in favor of commodities and commodity related economies.
*Gold has already begun a new up cycle and the US$ appears to be a major top.
*Industrial metals have been relatively weak, but appear to be bottoming.
*Contact us for information about specific commodities and currency pairs.
*QAS Alert Follow-Up Yen: QAS Alert Follow-Up Yen: JPYUSD has reached the 102 target we indicated in our December 2015 Alert. Although there is little sign of current weakness, our suggestion is to begin to reduce the position size as volatility is expected to increase.