AUD/USD poised to challenge the 0.76 level – Mizuho

FXStreet Insights Team FXStreet

In November, the AUD/USD pair is expected to target 0.76, in the view of economists at Mizuho Bank. Regarding the AUD/JPY, this pair could hit its 2021 high of 86.225.

AUD/USD to move firmly

“The charts show the pair being held down at around 0.7560 (its Fibonacci halfway point and 200-day moving average), so investors will try pushing it through this level. The next target would be the July 6 high of 0.7599, with the 0.76 range in sight. If rising commodity prices also lend a hand, the pair could well hit the 0.76 range.”

“The AUD/JPY pair will probably renew its 2021 high of 86.255, a target last reached on October 21.”

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FXStreet Insights Team

FXStreet

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