AUD/USD key medium term support comes at 0.8643

FXStreet (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank explained that they are looking for a lower AUD/USD level.

Key Quotes:

“It is our view that AUD/USD could consolidate close to current levels in the near-term, though medium-term we expect that a continuation of a broad based USD recovery will push AUD/USD lower”.

“The recent low in the region of AUD/USD 0.8643 is likely to offer strong support, though we see risk that AUD/USD will be trading in the 0.85 area in the middle of next year”.