Economists at Danske Bank expect some consolidation on the AUD/USD pair though there are some risks to the upside. Key quotes “We keep our short-term forecast at 0.60, which remains below the current spot level.” “We generally think AUD is getting somewhat ahead of where fundamentals anchor the spot and thus expect some consolidation on 1M and 3M.” “Key upside risks include a decline in broad dollar (not our base case) and upside in the prices of industrial metals.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Oil: Reopening of economies to stabilize the price – Danske Bank FX Street 2 years Economists at Danske Bank expect some consolidation on the AUD/USD pair though there are some risks to the upside. Key quotes “We keep our short-term forecast at 0.60, which remains below the current spot level.” “We generally think AUD is getting somewhat ahead of where fundamentals anchor the spot and thus expect some consolidation on 1M and 3M.” “Key upside risks include a decline in broad dollar (not our base case) and upside in the prices of industrial metals.” Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
