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Daily outlook for AUD/USD: Westpac

AUD/USD 1 day: The downtrend has stalled leaving it stuck between 0.7600 and 0.7700 today, although the RBA minutes could assist a break. AUD/USD 1-3 month: Falling AU interest rates and commodity prices, and a strong US…

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EconoTimes — Reading the Times. Understanding the Future.

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  • AUD/USD 1 day: The downtrend has stalled leaving it stuck between 0.7600 and 0.7700 today, although the RBA minutes could assist a break.

  • AUD/USD 1-3 month: Falling AU interest rates and commodity prices, and a strong US dollar, should continue to weigh on the AUD during the next few months. The next major downside target is 0.7500.

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