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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

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    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”.
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