AUD/USD squeezes through 0.65. Economists at Société Générale analyze the pair’s outlook.
Bulls count on RBA hike
This week perhaps constitutes a unique window for the AUD to try and recapture levels closer to 0.66 after the frustration endured over the past month and much of the past year.
A break of the late August high of 0.6522 could send AUD/USD on a path towards 0.66, perhaps 0.67.
The RBA must deliver 25 bps on Tuesday and risk sentiment cannot falter.
The narrowing of the Aussie trade surplus and weak PMIs for October are a warning sign not to get too carried away.
Source: https://www.fxstreet.com/news/aud-usd-this-week-constitutes-a-unique-window-to-try-and-recapture-levels-closer-to-066-socgen-202311060844