AUD/USD points to further strength towards 0.7550/0.7580 – SocGen

Market news

20 October 2021

AUD/USD points to further strength towards 0.7550/0.7580 – SocGen

AUD/USD has briefly reclaimed the 0.75 handle. Economists at Société Générale expect the aussie to extend its steady rebound towards the 200-day moving average (DMA) around 0.7550/0.7580.

Support is seen at the 0.7300 level

“The AUD/USD pair is likely to head higher towards 200-DMA near 0.7550/0.7580.”

“Short-term support is at 0.7300.”

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