FXStreet (Barcelona) – Imre Speizer of Westpac expects the Aussie to resume its downtrend ahead on broad USD strength, and forecasts AUD/USD to see 0.7325 on a 1-3M view.
Key Quotes
“AUD/USD 1 day: Broke a major technical level (0.7620 neckline) with further bearish implications multi-day. Next stop 0.7450.”
“AUD/USD 1-3 month: Eventual resumption of the strong US dollar trend should weigh on the AUD during the next few months. The next major downside target is 0.7325.”
(Market News Provided by FXstreet)