AUD/USD rebound to continue towards 0.83 – SG

FXStreet (Barcelona) - The Team at Societe Generale, shares the technical outlook for AUD/USD, noting that the triangle breakout seen in the pair favours a move towards 0.83.

Key Quotes

“AUD/USD meanwhile formed a bullish engulfing last month near 0.7590/60 and has now broken above a formation similar to a triangle, suggesting a continuation of the rebound towards 0.83.”