The AUD/USD pair was reasonably stable in April. Economists at Rabobank discuss the Aussie outlook for the coming months.

AUD/USD likely to fluctuate around current levels near-term

“High levels of employment, household savings and strength in Australia’s terms of trade suggest a relatively strong line up of fundamentals.”

“We maintain the view that AUD/USD is likely to fluctuate around current levels near-term but is positioned to grind higher into the end of the year.”

See – AUD/USD: Further upside likely while above 0.6610 – UOB