AUD/USD Uptrend Targets 0.7120: Societe Generale Sets Bullish Path

BitcoinWorld AUD/USD Uptrend Targets 0.7120: Societe Generale Sets Bullish Path Societe Generale has identified a continued uptrend for the Australian Dollar against the US Dollar, with the next target set at 0.7120.

The French investment bank’s technical analysis, as of this week, indicates that the AUD/USD pair is poised to extend its gains, building on recent momentum.

This forecast comes amid shifting market expectations regarding global interest rates and commodity prices, which are key drivers for the Australian currency.

Societe Generale’s Technical Outlook According to Societe Generale’s currency strategists, the Australian Dollar’s upward trajectory remains intact, with the pair having recently established a higher low.