Analysts at TD Securities (TDS) offer their outlook on the AUD/USD pair over the coming months, given that the US dollar now appears overvalued. Key Quotes: “Yield advantage the US has over DM has shrunk. USD had gained on the differentials but is now expensive and is perhaps now vulnerable to the change of direction. “… dollar is overvalued “¦. losing the growth and equity support that it had plugging the valuation gap last year”. “Rates outside of the U.S. are cheap and they will essentially move higher as policy outside the U.S. starts to normalize”. USD seen lower in a 3 to 6 month horizon. “If U.S. rates are topping out because the Fed is essentially done, then there’s room for catch-up, which would see the dollar weaken against G-10 currencies”. Long AUD/USD, citing that the markets are taking the wrong view on the RBA by expecting the Bank to cut instead of hike.” 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 EUR/JPY Technical Analysis: Bull flag seen on hourly chart FX Street 4 years Analysts at TD Securities (TDS) offer their outlook on the AUD/USD pair over the coming months, given that the US dollar now appears overvalued. Key Quotes: "Yield advantage the US has over DM has shrunk. USD had gained on the differentials but is now expensive and is perhaps now vulnerable to the change of direction. "... dollar is overvalued "¦. losing the growth and equity support that it had plugging the valuation gap last year". "Rates outside of the U.S. are cheap and they will essentially move higher as policy outside the U.S. starts to normalize". USD seen lower in… 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.
