{
  "id": 471241,
  "title": "Australian Dollar: Uptrend targets 0.7120 against US Dollar – Societe Generale",
  "url": "https://urgent.news/2026/08/10/australian-dollar-uptrend-targets-0-7120-against-us-dollar-societe",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-10T13:28:09.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/australian-dollar-uptrend-targets-07120-against-us-dollar-societe-generale-202608101328"
  },
  "original_language": "en",
  "account": "Societe Generale's Kenneth Broux suggests the Australian Dollar (AUD) is on an uptrend, aiming for 0.7120 against the US Dollar. The AUD/USD pair has maintained its 200-Day Moving Average (DMA) and demonstrated higher highs and higher lows on the daily chart, indicating a short-term uptrend. The most recent advance has paused near the 100 DMA, but a hawkish Reserve Bank of Australia (RBA) decision could lead to further short covering. Potential upside targets include 0.7120 and June's high of 0.7200/0.7275, with 0.6920 serving as crucial support. The 200 DMA, currently at 0.6920, may serve as a significant support level. The sequence of higher highs appears to be weakening around the 100 DMA (0.7053), and a hawkish RBA hold on the following day might encourage additional short covering.",
  "summary": "Societe Generale’s Kenneth Broux notes AUD/USD has defended its 200-DMA and established a pattern of higher highs and higher lows, signalling a short-term uptrend.",
  "key_points": [
    "Australian Dollar (AUD) on uptrend, targeting 0.7120 against US Dollar",
    "AUD/USD pair maintains 200-Day Moving Average (DMA), shows higher highs/lows",
    "Hawkish Reserve Bank of Australia decision could lead to further short covering"
  ],
  "editors_take": "A hawkish Reserve Bank of Australia decision could trigger further short covering, pushing the Australian Dollar up towards 0.7120 against the US Dollar, with 0.6920 emerging as a crucial support level.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}