Societe Generale suggests that the AUD/USD pair, currently trading at 0.64050, may continue to undergo a corrective phase and potentially reach its low of 0.6200/0.6170, which was observed in the previous year.

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AUDUSD Chart by TradingView

AUD/USD decline has stalled near 0.6360. However, it has failed to reclaim recent pivot high at 0.6525. Economists at Société Générale analyze the pair’s outlook.

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