AUD/USD could witness further losses toward 0.6100 – SocGen AUDUSD Banks
“AUD/USD is probing a multi-month channel limit, however, signals of rebound are still not visible.”
“Failure to reclaim 0.6365/0.6430 would mean persistence in decline. Next potential objectives are located at 0.6210 and 0.6100, the 76.4% retracement of the uptrend during 2020 and 2021.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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