Why our dollar may keep rising

One of the biggest surprises from a US taper could be that our dollar actually rises.

The Australian dollar is hovering around a key area of support /resistance and has been doing so for the better part of six months – just range trading.

It’s unlikely that, as we head into 2014, the unit is going to stay at that point – there is simply too much going on. What is less clear to me is in what direction it will break. The truth is, it could go either way.

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