Here's what it'll take to lift AUD/USD back to 0.83

Author: Eamonn Sheridan | Category: News

Comments from a client note from Australia's Commonwealth Bank (CBA)

CBA's outlook is for AUD/USD to trade below a fair value implied by fundamentals. CBA's valuation model incorporates commodity prices and the 2-year interest rate differential between Australia and US.
  • undervaluation to persist in the near term due to broad strength for the US dollar
  • once economies outside the US show further recovery the USD should resume its downtrend 
  • this will impact to push AUD/USD back toward 0.83 (CBA's fair value range for AUD/USD is 0.78/0.89)
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AUD/USD weekly candles:
Comments from a client note from Australia's Commonwealth Bank (CBA)
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