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AUD/USD potential for a test of 0.7300 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - FX Strategist at OCBC Bank Emmanuel Ng sees the likeliness of the Aussie dollar to test the 0.7300 handle.

    Key Quotes

    “Chatter surrounding the potential for a dovish RBA has thickened in the wake of the ECB and the PBOC, although the lack of outright risk aversion may see the AUD-USD repel downside probes towards the 55-day MA (0.7167) in the near term ahead of the Fed while contemplating a test towards the 0.7300 handle”.
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