AUD/USD on its way to 0.7830 – Socgen

By FXStreet Analysts at Societe Generale argued that early symptoms of stabilization are visible in AUD/USD.

Key Quotes:

“Monthly stochastic is close to floor suggesting possibility of recovery.”

“Short term, it has confirmed a double bottom and looks poised to head towards 0.80 with intermittent target at 0.7830, a projection for the up move.”
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Source:: FX Street