AUDUSD to advance towards the 0.73 mark by year-end – Rabobank

AUD/USD gained traction on Tuesday and climbed toward 0.70. Economists at Rabobank expect the pair to edge higher towards the 0.73 by end-2022- 

GBP/AUD to move towards the 1.73 area

“We expect AUD/USD can creep higher on a 12-month view based on Australia’s relatively sound economic outlook. However, the aussie is likely to be sensitive to risks regarding Chinese economic output and to broader concerns regarding slowing global growth.” 

“We expect AUD/USD to hold close to current levels on a one-month view and rise moderately to the 0.73 area by year-end.” 

“We would prefer to buy AUD vs. GBP and see scope for another move to the GBP/AUD 1.73 area.”