Forex Flash: AUD/USD should reach 1.0600 by years-end – Westpac

FXstreet.com (Barcelona) - Gold’s “flash crash” accounted for much of the recent AUD/USD reversal and shouldn’t be repeated. However, weakness in base metals prices and growing market pricing for RBA easing in Q2 should see the pair test 1.0150 in coming weeks.

According to Global FX Strategist Sean Callow at Westpac, “The outlook brightens from mid-year though as BoJ QE should dovetail with the Fed’s to push the AUD/USD back towards this year’s highs around 1.0600.”