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fxJun 16, 2026, 11:53 AM

AUD/USD Faces Deeper Pullback Risk Below 0.7140: Societe Generale

Societe Generale warns AUD/USD could see further declines after failing to hold its 50-day moving average and forming a pattern of lower highs, with a deeper pullback risk below 0.7140.

AUDUSD

Societe Generale analysts, including Kenneth Broux, highlight that AUD/USD is under pressure after the pair failed to hold its 50-day moving average. The formation of lower highs suggests a bearish technical setup.

The analysts point to a risk of a deeper pullback if the exchange rate falls below the 0.7140 level. This level is seen as a key threshold for near-term direction.

No specific catalysts were mentioned, but the assessment is based on current price action and technical indicators.

Source: FXStreet Forex News