1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

AUD/USD points to 0.72-0.73 near-term – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees the Aussie dollar trading in a 0.72-0.73 range vs. the greenback in the short-term.

    Key Quotes

    “The AUD-USD stumbled lower early Thursday on a disappointing 3Q capital expenditure print (-9.2%) with a 0.7200-0.7300 range expected to prevail in the near term”.

    “As alluded to above, risk-sensitive currencies like the AUD may garner marginal support in the current environment of sanguine risk appetite levels”.
    For more information, read our latest forex news.
     

Share This Page