AUD/USD to inch higher gradually towards last August high of 0.7090/0.7130 – SocGen AUDUSD Banks
AUD/USD has broken into 0.70 handle for the first time since August. Economists at Société Générale expect the pair to head toward the 0.7090/0.7130 region.“AUD/USD has overcome the 200DMA first time since giving it up in April last year; this affirms persistence in upward momentum.”“The pair is expected to inch higher gradually towards last August's high of 0.7090/0.7130. This could be the next potential resistance zone.
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