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- AUD/USD to enjoy an extended uptrend on a break above 0.6660 – SocGen
AUD/USD to enjoy an extended uptrend on a break above 0.6660 – SocGen
AUD/USD closed above 0.66. Economists at Société Générale analyze the pair’s outlook.
Recent pivot low at 0.6450 likely to provide support
A retest of the trend line drawn since 2022 near 0.6660 is expected. Once this is overcome, AUD/USD could embark on an extended up move. Next potential objectives could be located at July/July highs of 0.6900.
Recent pivot low near 0.6450 is expected to provide support in case short-term pullback develops.
See – AUD/NZD: There is room for a to move back closer to the 1.1000 level – MUFG
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