AUD/USD on its way to 0.7830 - Socgen

Analysts at Societe Generale argued that early symptoms of stabilization are visible in AUD/USD.

Key Quotes:

"Monthly stochastic is close to floor suggesting possibility of recovery."

"Short term, it has confirmed a double bottom and looks poised to head towards 0.80 with intermittent target at 0.7830, a projection for the up move."