RBA Deputy Lowe's comments yesterday about a high threshold for currency intervention and the fact the AUD/USD is 10-15% overvalued tells me they wont be...
![](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBZGs9IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--57c327ccc92aa3144595a5ca4611cca3bdf306c5/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lKYW5CbFp3WTZCa1ZVT2hOeVpYTnBlbVZmZEc5ZlptbHNiRnNIYVFISWFRSEkiLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--a788536266c8d052a67a95e113f2ebbff3ad0a97/0_zVjRU_-ndTS-G2R8B4aeUhAJdCZr82R8cYdkU31k9Xuhxe2hMpDczTbEF74fiIVuqJ0LNQ3LdZ8H.jpeg)
Jim Vrondas
OzForex
RBA Deputy Lowe's comments yesterday about a high threshold for currency intervention and the fact the AUD/USD is 10-15% overvalued tells me they wont be aggressively selling the Aussie any time soon. If it was still at or above parity maybe but not from these levels. I think the sell off is a little overdone for now and so could be a good short term buying opportunity for AUD/USD ahead of 90 cents into a possible no taper in December play. AUD/GBP however presents a greater opportunity for rewards from the short side for the medium to longer term i.e more downside in AUD/GBP than AUD/USD at the moment (VIEW LINK)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire