Get ready for the bubble to be burst. This has been on the cards for quite some time and the downgrade is here. Moody’s Cuts Ratings on Australia’s Banks https://www.bloomberg.com/news/articles/2017-06-19/australian-big-four-banks-ratings-cut-by-moody-s-on-housing-risk
Read the full post on bloomberg.
Its now time to sell AUD/USD and its likely to head back down to the .72 handle.
Trade safe! 🙂