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AUD/USD: Looking to own dips circa 0.7240 - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - Societe Generale trading desk continues to look to own dips in AUD/USD around 0.7240 following the RBA minutes.

    Key Quotes

    "RBA minutes comments seemed neutral on rates as they talked about bubbles in the housing market (excuse not to cut further)."

    "This has helped out support region into 0.7240 hold true and we continue to look to own dips here but keep in mind that a break below 0.7200-7180 would change our minds."

    "Up above we expect to find selling interest into 0.7380 with 0.7450 a key resistance on the charts."
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