The lowest Australian dollar has reached 4.2. Although it is hovering around 4.6 now, in the long run, I don't think the Australian dollar will reach 6.6 again in the short term. The Australian dollar, like the Canadian dollar, is a commodity currency, and its trend is linked to commodities. The Australian dollar is mainly linked to the price of iron ore. Now, due to the global financial crisis, commodity prices have fallen sharply. From the original oil price 150 USD to the current 50 USD, it can be seen that the demand will decrease, which is also the reason why the Australian dollar has plummeted in recent months. And now the Australian economy and the world are not very prosperous, so the demand for goods will not rise in a short time. The Australian dollar does not rule out the possibility of falling for a period of time, and the Australian central bank may cut the interest rate from the current 4% to 3.5% in the near future, which makes the long-term prospect of the Australian dollar poor. It is suggested that if the Australian dollar falls below 0.60, buy the Australian dollar quickly, because the price of 0.60 is a good support for the Australian dollar at present. If it falls below 0.60, buy it quickly.

The above is just my opinion, for reference only. If you have any foreign exchange problems in the future, I hope the above information can help you!