AUD/USD: Unlikely to break the recent 0.65-0.69 range any time soon – SocGen

AUD/USD does not look set to break out any time soon, in the view of Kit Juckes, Chief Global FX Strategist at Société Générale.

Aussie has had a merry two days

AUD has had a merry two days; a pre-RBA short-covering rally being wiped out by RBA inaction. 

If both RBA and Fed are ‘done’ for this cycle, I can’t really see the recent 0.65-0.69 range breaking any time soon.

See – AUD/USD: A big beat in NFP may accelerate move towards the YTD low of 0.65 – TDS