AUD/USD: Unlikely to break the recent 0.65-0.69 range any time soon – SocGen
|AUD/USD does not look set to break out any time soon, in the view of Kit Juckes, Chief Global FX Strategist at Société Générale.
Aussie has had a merry two days
AUD has had a merry two days; a pre-RBA short-covering rally being wiped out by RBA inaction.
If both RBA and Fed are ‘done’ for this cycle, I can’t really see the recent 0.65-0.69 range breaking any time soon.
See – AUD/USD: A big beat in NFP may accelerate move towards the YTD low of 0.65 – TDS
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