Australian Dollar (Aud) monthly forecast from 14/July/10.

Prediction Date: 14-Jul-2010 . Forecast confidence level = 80 percent.
1 Aud is likely to buy:

Currency	current_value	minimum	maximum
Aud/Usd	0.8828	0.8618	0.9032
Aud/Chf	0.9309	0.8576	0.9925
Aud/Inr	41.2091	39.2580	42.9954
Aud/Cny	5.9827	5.6639	6.2546
Aud/Jpy	78.0174	71.5341	83.2777
Aud/Brl	1.5536	1.4495	1.6422
Aud/Gbp	0.5784	0.5763	0.5818
Aud/Nzd	1.2212	1.2233	1.2284
Aud/Cad	0.9108	0.8739	0.9467
Aud/Zar	6.6487	6.3323	6.9912
Aud/Eur	0.6920	0.6879	0.6982

Technical Levels

The plot below shows the likely resistance and support levels. The current value, at the time the forecast was made, is shown by the red line.

Forecast Histogram

The plot below shows the likely distribution of values over the forecast period. The current value, at the time the forecast was made, is shown by the red line.

My Thoughts
The macroeconomic indicators from Australia, such as the employment data,  continue to impress and perhaps as a result the Aud has moved into being slightly overvalued.

Source | The Currency Forecasting Blog (CFB) | http://currency-forecasting.blogspot.com/2010/07/australian-dollar-aud-monthly-forecast.html