AUDUSD SIGNAL 23-03-22 : AUDUSD to advance nicely towards 0.7550 – Credit Suisse.

AUDUSD SIGNAL 23-03-22 : AUDUSD to advance nicely towards 0.7550 – Credit Suisse.

AUDUSD SIGNAL : Strategists at Credit Suisse revise their bullish AUDUSD target from 0.7350 to 0.7550, as rising inflationary pressures point to risks of an earlier-than-expected hawkish turn in Reserve Bank of Australia (RBA) policy.

We revise our bullish AUDUSD target from 0.7350 to 0.7550, we would look to buy dips below 0.73 and see the pair in a range between 0.72 and 0.76.

AUDUSD SIGNAL : Second-tier data indicators show rising inflationary pressures, pointing to further risks of an earlier-than-expected hawkish turn in RBA policy rhetoric.

Markets will likely continue to view AUD as a clean expression of commodity price strength.

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