Economists at Rabobank have revised lower their AUD/USD forecasts across the board to take account of USD strength. They expect the pair to march forward on a six-to-twelve month horizon.

AUD/USD could again struggle to advance in the near term

“While we see AUD/USD as remaining range bound for the remainder of this year, we continue to see the currency pair edging higher on a 6 to 12 mth horizon. This is on the anticipation that USD strength will have peaked and in consideration of robust Australian fundamentals.”

“While we expect AUD/USD to hold around current levels on a 1-to-3-month view, we see scope for the currency pair to edge up to 0.70 on a 6-month view and 0.74 in 12 months.”