SEB: positive view on AUD/USD

Analysts at SEB point out that AUD/USD rose with 5 waves from August low at $0.8847 and met the minimum target met when passing the Sept. high ($0.9530). According to the specialists, there’s room for some more advance to $0.9680, and the market still seems bid. A decline below $0.9465 and $0.9410 would be a sign of a deeper correction down.

Chart. Daily AUD/USD

Scroll to top