Australian Dollar: Deeper pullback risk below 0.7140 – Societe Generale
Ni FXStreet Insights Team
Na-update: 16 Jun 2026
Sikat na Artikulo
Societe Generale analysts, including Kenneth Broux, note AUD/USD is under pressure after failing to hold its 50‑day moving average and forming a pattern of lower highs and lows.
Societe Generale analysts, including Kenneth Broux, note AUD/USD is under pressure after failing to hold its 50‑day moving average and forming a pattern of lower highs and lows. The pair must reclaim 0.7140 to avoid a deeper decline, with downside technical objectives around 0.6890 and 0.6830, while fundamentals are driven by iron ore and US real rates.
Key resistance at 0.7140 caps upside
"AUD/USD has formed a series of lower highs and lower lows on the daily timeframe chart, signaling the onset of a short-term pullback."
"It failed to defend the 50-DMA and has carved out an interim low around 0.6980."
"Failure to cross 0.7140 may lead to persistence in decline."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa
