Sunset Strip | Aussie Afternoon Institutional Market Wrap

Aussie market took a hammering on the back of global investors pulling out on currency worries. We see the global investor selling pressure holding the market to ransom till the currency drops to mid 60’s. The recent trend suggests we are going to revisit the 5000 low level, but we continue to see that as another buying opportunity for the local investors as the global investors sell out. (VIEW LINK)