In its latest forecast for the AUD/USD prices, the Commonwealth Bank of Australia (CBA) cites near-term downside risk for the quote considering the bond rout. The bank mentioned that there is a near-term risk that AUD moves nearer to their end-March projection of 0.7600. However, the Aussie bank is bullish for the AUD/USD over the medium-term and cites fundamentals concerning the commodities for the same. It’s worth mentioning that the CBA eyes the peak of AUD/USD at the 0.8300 level, expected to high during Q3 2021. This suggests the AUD/USD is likely to remain pressured but the bulls shouldn’t be disappointed. Read: AUD/USD: Pressured towards 0.7600 as US dollar weigh on commodities, antipodeans 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 GBP/USD Price Analysis: Bears attack 1.3800 on the break of 11-week-old support line FX Street 1 year In its latest forecast for the AUD/USD prices, the Commonwealth Bank of Australia (CBA) cites near-term downside risk for the quote considering the bond rout. The bank mentioned that there is a near-term risk that AUD moves nearer to their end-March projection of 0.7600. However, the Aussie bank is bullish for the AUD/USD over the medium-term and cites fundamentals concerning the commodities for the same. It's worth mentioning that the CBA eyes the peak of AUD/USD at the 0.8300 level, expected to high during Q3 2021. This suggests the AUD/USD is likely to remain pressured but the bulls shouldn't be… 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.
