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AUD/USD forecast as high at 0.7130

AUD/USD forecast as high at 0.7130

A couple of bank analayst views on AUD/USD

Société Générale point out that AUD/USD has trade above it 200 day moving average for the first time since April of 2021 and say that this confirms its upward momentum persistence.

  • say if it manages to defend 0.6830 this would be 'crucial' for another leg higher
  • AUD/USD is expected to inch higher gradually towards last August's high of 0.7090/0.7130. This could be the next potential resistance zone

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Posted: Jan 16 2023, 22:08
Author Name: forexlive
Views: 092066

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