Currency Analyst since 2010

AUD/USD: outlook remains bearish

AUD/USD fell to fresh 4-1/2 year lows in the 0.8140 area on the expectations that the Federal Reserve will drop today the “considerable time” pledge about the low interest rates. The pair remains in the short-term downtrend channel. Resistance is located at 0.8260. Downside targets lies at 0.8066 (2010 low).

Credit Agricole suggests selling AUD/USD on rebounds as the RBA rate pressures are likely to persist - the central bank has signalled that it wants a lower Aussie.

Goldman Sachs sees AUD/USD at 0.8300 in 3 months, 0.8100 in 6 month, and 0.7900 in 12 months.


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