AUD/USD ends the recent pause, further weakness to follow – Credit Suisse

AUD/USD ends the recent pause, further weakness to follow – Credit Suisse AUDUSD Banks

AUD/USD has ended its recent pause after breaking below 0.6361. Analysts at Credit Suisse look for continued downside to 0.6041 and likely beyond.“We see the core bearish trend as resumed and with risk sentiment likely to remain weak, we look for further deterioration to follow.”

“Resistance moves to 0.6361/80 and then to 0.6411, though above here we look for the 13-day average at 0.6478 to continue to cap to maintain the downside.”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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