AUD/USD: Poised to test October 2021 high at 0.7556 – OCBC AUDUSD Banks
AUD/USD’s extension north of 0.75 is not surprising. Economists at OCBC believe that the aussie is set to test the October 2021 high of 0.7556.“The setup is favourably for a test of the Oct 2021 high at 0.7556. Nevertheless, the pace and extent of the up-move is stretched, and the next leg towards that target could be a grind, especially if recently established AUD-longs start to take profit at levels north of 0.75.
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