Forex Flash: AUD/USD looking for 1.06 in March and 1.07 in June – Westpac

FXstreet.com (Barcelona) - According to Sydney based Westpac currency strategist Sean Callow, given "The Fed's decision to err on the side of looser policy last week," this "should chip away at USD through 2013," the analyst says, "especially in H1 when US growth will be hampered by a fiscal hit almost regardless of the outcome of the "fiscal cliff" talks. Westpac looks for AUDUSD 1.06 in March and 1.07 in June but if EURUSD pushes towards 1.34/1.35 as we expect and NZDUSD remains firmly bid then a probe of AUDUSD 1.0800-1.0850 would not surprise," he concludes.