Scotiabank believes that the AUD/USD pair will receive strong support if it dips to the 0.65 area. However, any attempts to rise above 0.68 are expected to be hindered.

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AUDUSD Chart by TradingView

The AUD has gained a little ground on the weaker USD through mid-year but it remains something of a laggard among the G10 currencies. Economists at Scotiabank analyze AUD/USD outlook.

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