AUD/USD Forecast: Will the bullish rally continue?
This AUD/USD pair forecast article was written by Sherwin Seah, Analyst at I Know First.
Summary:
- In the last 12 months, the Australian dollar has generally been appreciating against the United States dollar.
- I am endorsing AUD/USD as a buy at the breakout price of 0.7818. This is because the trend is likely to continue throughout 2021.
- Australia export price index has been increasing since 2020. This is especially due to increased demand for one of their major exports, iron ore.
- Fed expects inflation to stay as high as 2.5% as well as a long recovery period.
- However, we need to take note should the Fed change their accommodative monetary policy.
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