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Prezzi
fxJun 24, 2026, 9:59 AM

Societe Generale Flags Downside Risks for AUD/USD

Societe Generale analysts warn that AUD/USD remains under pressure, with downside risks as the pair converges on the 0.69 area and the March–April trough near 0.6833.

AUDUSD

Societe Generale analysts note that AUD/USD continues to face downside pressure, converging on the 0.69 handle. The pair is approaching the March–April trough near 0.6833, a key support level.

Despite a sharp tightening in the 2‑year interest rate spread, the Australian dollar remains vulnerable. The valuation gap and ongoing headwinds suggest further downside risks, according to the bank.

Traders should monitor the 0.6833 zone closely, as a break below could accelerate losses. The broader trend remains bearish for AUD/USD in the near term.

Source: FXStreet Forex News