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AUD/USD could consolidate between 0.7150-0.7300 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - The Aussie dollar could attempt a sideline pattern between 0.7150-0.7300 in the near term vs. the greenback.

    Key Quotes

    “The data calendar is fairly sparse this week for the AUD apart from scheduled RBA appearances”.

    “On the CFTC front, implied net leveraged AUD shorts were further built up for the third consecutive week but the current mood to pursue the Risk-On dynamic may lead the pair higher in the short term within a 0.7150-0.7300 range”.
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