SEB: AUD/USD trade
Analysts at SEB expect AUD/USD to slide to $1.9175 and then turn up. The specialists cite the wave structure, the spring bottom and the daily MACD bullish divergence as the reasons for their positive short-term view on Aussie.
On H1 the pair has reached 161.8% Fibo projection point for the wave 3 and is now correcting. SEB thinks that this correction will stop in the middle of yesterday’s rising candle. The bank has set bullish target at $0.9306/45.
Chart. H1 AUD/USD