Currency Analyst since 2010

Westpac: forecasts for AUD

Westpac analysts believe that AUD is trying to base, so there will be soon some recovery.

“We could see a bounce in the weeks ahead. We could envisage a bounce back towards $0.9800. This could see AUD crosses including AUD/EUR back towards 0.7400 and AUD/JPY back towards 96.00. However, with tapering set to start later in the year and commodities still looking weak, it’s hard to envisage a move beyond those levels.”


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