The Australian dollar has never really managed to recover from the poor GDP read, and finds other reasons to fall. What’s next for the Aussie? The team at Barclays sees further weakness coming sooner rather than later: Here is their view, courtesy of eFXnews: Barclays expects much of the weakness in the AUD to be front loaded, taking place over the next few months, in line with the RBA’s desire to see the currency drop to around 0.80 US cents. “Indeed, given that: 1) the market is already very short AUD; 2) technically; AUD is looking oversold; 3) the move in AUDUSD has brought it back in line with 2y yield differentials; 4) China growth is moderating, but policy stimulus will limit any sharp decline in growth; and 5) our more-hawkish-than-market forecast for RBA rate hikes, we do not expect the AUD to weaken at anywhere near the same pace further out,” Barclays argues. Consequently, Barclays has revised its forecasts as follow: For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam AUD/USD Daily Outlooks share Read Next EUR/USD: Targeting M/T Support; USD/JPY: Buy This Dip – Yohay Elam 8 years The Australian dollar has never really managed to recover from the poor GDP read, and finds other reasons to fall. What's next for the Aussie? The team at Barclays sees further weakness coming sooner rather than later: Here is their view, courtesy of eFXnews: Barclays expects much of the weakness in the AUD to be front loaded, taking place over the next few months, in line with the RBA's desire to see the currency drop to around 0.80 US cents. "Indeed, given that: 1) the market is already very short AUD; 2) technically; AUD is looking oversold; 3) the move… 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.