AUD medium-term outlook appears weak
The AUD looks likely to close on the month below its Pre-COVID highs, signaling a break of an important key level.
In addition, I see no potential bullish setups in either the short nor medium-term charts, despite price sitting at distressed levels.
My estimate is price will land in the area of $0.65 in the coming months, likely toward Q4.
In addition, I see no potential bullish setups in either the short nor medium-term charts, despite price sitting at distressed levels.
My estimate is price will land in the area of $0.65 in the coming months, likely toward Q4.