AUD/USD: what is the outlook? - Westpac

Analysts at Westpac offered their outlook for AUD/USD.

Key Quotes:

"AUD/USD 1 day:  Rebounded on Friday but needs to clear 0.7450 to convince it’s not just a one-day wonder. Further slippage in the US dollar will help.

AUD/USD 1-3 month: The modestly weaker than expected Australian CPI outcome has added yet another factor capping the A$: softer commodity prices; a more protectionist stance from US President Trump, and higher US yields if the Fed raises rates in June as we expect. These leave the A$ with strong resistance at 0.76. We expect to see it heading towards 0.74 by year end. (26 Apr)"